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HUNT’S
'
REPRESENTING THE
MERCHANTS’
$
IMwispape*,
INDUSTRIAL AND COMMERCIAL INTERESTS
(Entered, according to act of Congress, in tlie
VOL. 33.
year
1881, by Wm. B. Dana
CHRONICLE.
The Financial Situation
263 Cotton Movement and
Crop of
Railroad Earnings in August,
1880-81
267
and from Jan. 1 to Aug. 31.. 264
Monetary and
Commercial
The Decreased Business of the
English News
273
Canals
265 Commercial and Miscellaneous
Responsibil¬
News
ity of Carriers in Different
States
274
266
THE
BANKERS’
Money Market, Foreign Exchange, U.S. Securities, State
Bonds
•
UNITED
276
Returns
Range in Prices at the N. Y.
THE
Commercial Epitome
Cotton
280
Investments, and State, City
and Corporation Finances... 281
277
COMMERCIAL TIMES.
283 I Breadstufls
283
I Dry
a
fail who
were
STATES
Congress, Washington, D. C.]
NO
short of other stocks.
846.
On Wed¬
nesday afternoon
reports that there would be a further cut
passenger rates by the trunk lines caused free sales of
these properties, and the fact that the next
day would be
on
legal holiday, by reason of the Governor’s proclamation
appointing that a day of fasting and prayer, made the
a
market
and Bonds 278
Miscellaneous Quotations
279
Railroad Earnings and Bank
and
Exchange
GAZETTE.
Quotations of Stocks
'
Stock
THE
& Co., in the office of the Librarian of
lators for
THE
and Railroad
Stocks
OF
SATURDAY, SEPTEMBER 10, 1881.
CONTENTS.
Variance of the
MAGAZINE,
heavy at the close. On Friday, however, great
strength was again displayed, with the speculation center¬
ing in Ohio & Mississippi, which fluctuated
widely on the
news of a
proposed change in the receivership.
The additional
28 ^
Goods
289
in passenger rates
cut
and New York and
for
Boston,
seems
between Chicago
to have been made
the
Erie
purpose of compelling
and the Canada lines to
than
shorten
the Pennsylvania, th^
agree to some plan
The Commercial and Financial Chronicle is issued
every Satur¬ of settlement
proposed by Mr. Vanderbilt as a basis
day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class for peace in * the future. Exactly what this basis is
mail matter.]
does not appear, but it does seem as if this
action
TERMS OF SUBSCRIPTION—PAYABLE IN
the
by
Vanderbilt
roads
is
ADVANCE:
likely to prolong rather
For One Year
Chronicle.
(including postage)
$10 20.
For 8ix Months
ao
6 10.
Annual subscription in London
(including postage)
£2 7s.
Six mos.
do
do
do
1 8s.
Subscriptions will be continued until ordered stopped
order, or at the publication office. The Publishers cannot beby a written
responsible
for Remittances unless made by Drafts or
Post-Office Monev
-
Orders..
Advertisements.
Transient advertisements are published at 25 cents
per line for each
Insertion, but when definite orders are given for five, or more,
insertions,
a liberal discount is made.
Special Notices in Banking and Financial
column 60 cents per line, each insertion.
London and Liverpool Offices.
The office of the Chronicle in London is at
No. 74 Old Broad Street,
and in Liverpool, at No. 5 Brown’s
Buildings, where subscriptions and
advertisements will be taken at the regular rates, and
single copies of
the paper supplied at Is. each.
WILLIAM B. DANA,
WILLIAM B. DANA & GO., Publishers,
\
JOHN G. FLOYD, JR. j
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
EF* A neat file cover is furnished at 50 cents; postage on the same is
18 cents. Volumes bound for subscribers
at $1 00. A complete sot of
the Commercial aNd Financial
Chronicle—July,
1865, to date—
oan be obtained at the
office.
Considerable activity and
have characterized
the
a
somewhat firmer feeling
Wall street markets
week.
The favorable reports
regarding
the President
imparted strength to the
during the
contest
which
lias been carried on
between the trunk lines of railroad since June last.
Hold¬
ers of the stocks of the various
roads
engaged in the fight
have, of course, no voice in the matter. The war is waged
by the managers of the line3 and it will doubtless be con¬
tinued until
terminate it.
for
one
reason
There is
no
or
another
they
see
fit to
guarantee that it will not be
continued until the close of
navigation
l ues to restore rates on east-hound
enables the railroad
freight to full figures.
When the business of the trunk lines becomes
larger, in
part from the absence of competition by the water routes
but chiefly by reason of the
augmented trade natural to
the fall season, we may
expect to see negotiations looking
to
THE FINANCIAL SITUATION.
the
a
settlement of this
in progress so
The money
deplorable conflict, which has been
long.
market has been comparatively
the week and- the
rate
has at
no
easy during
time ruled above legal
the condition of interest, although 6 per cent was bid on Wednesday by
market, but the in¬ reason of the fact that the next day would be a holiday.
creased
activity may be said to have been the result chiefly The Sub-Treasury has been debtor at the
Clearing-House
speculative influences. On Monday stocks were dull. almost every
day this week, and the arrivals of gold from
On Tuesday
the market was affected by the news that the Europe have given assurance that the bank reserves would
President had been removed from
Washington to Long be so far increased as to place these institutions above the
Branch, and as each stage of his progress was promptly 25 per cent limit at the end of this week.
reported the intelligence was so
The amount of gold in transit for this
satisfactory as to induce
port was estimated
the leaders to advance
prices. On the afternoon of this in our last issue at $8,948,376. To this should be added
day there were indications that the clique controlling $1,000,000 taken from
Hamburg and $2,650,000 from
Hannibal & St. Joseph common were about to
press their London, making $12,598,376. Deducting from this $4,976,advantage, and on Wednesday the corner in this stock 650 arrived this week, leaves $7,621,726
supposed to
was
fully developed in a rise to 200.
be in transit.
The London Times estimates that the
This corner was one of the chief events of the
drain
of
and had not
induced
a
little influence
on
the entire
covering of short contracts by
some
week,
market, as it
of the specu¬
to America thus far this
season has been from onethird to one-half that of last year.
At this rate it says the
total for the season would be
only from £5,000,000 to
THE
264
[Vol. xxxni.
CHRONICLE.
stocks and bonis in
£7,500,000 ; and as £2,500,000 have already gone, from each
day.
£2,500,000 to £5,000,000 would remain to be sent. This
would average from £100,000 to double that amount,
Sept. 5.
weekly. But, as the Times remarks, “ calculations for the
Lond'n N.Y.
The London market
bare of stocks, and if there should be a decline in
future should not
is very
be too
.
European purchases, there
would necessarily be such a demand for exchange as
would stimulate imports of gold to an extent greater than
is now estimated by the foreign journals.
The Treasury operations for the week include the re¬
ceipt of $400,000 gold from the San Francisco mint and
U.S.4s,c.
11567
U.S.3*s
101-91
2d
128-50
142-78
Consisting of—
Sept.
44
c
...
3....
«<
5....
44
G....
44
7
4 f
8....
...
Total...
325,690
590,379
639,435
514,332
71
67
Reading
$395,000
11579
116*
101-83
101*
101-83
42*
1013^
127*
U2*
42-99
00 *
t Reading on basis
143-89
of $50, pur value.
187,000
1,000
1,000
per cent,
that the
$3,000
$1,646,000
$37,000
mileage has increased only about 12 per cent, so
earnings per mile have risen from $517£ in
August, 1880, to $567£ in August of the present year.
Following is our usual table.
Net.
Out of Banks
$4,397,306
230.000
1,143,000
*913,000
$4,627,306
$1,143,000
$3,484,306
above embraces all the re-
Shipped.
Received.
N. T\
-
$441,000
702,000
$1,143,000
vault.
England return for the week exhibits a
decrease of £327,000 bullion, and an increase in the per¬
centage of reserve to liabilities of 3-16 per cent. The Bank
of France shows a loss of 7,250,000 francs gold and a gain
of 87,500 francs silver.
The Bank of Germany, since our
last report, has lost 680,000 marks.
The following shows
the amount of bullion in each of the principal European
banks this week and at the corresponding date last year.
Bank of
Sept. 8, 1831.
Total
previous week.
GROSS EARNINGS AND
Month
of August.
Silver.
Gold.
Silver.
&
&
&
&
28,374,655
23,18S,973
24,476,032 50,532,610 29,650,775 50,320,872
8,679,666 17,359,334
9,136,470 19,133,370
56,801,475 69.665.930 66,705,096 67,680,206
57,420,975 69.694.930 67,401 ,S77 67,872,237
foreign exchange market has been moderately firm,
the strength being mainly due to the fact that the Bank of
England rate of discount was not further advanced, as was
expected. There is a little better demand, and at the
ruling rate for sight sterling there is no profit in importing
The following shows the
Burl. Ced. Rap. & No.
Cairo & St. Louis*
Central Pacific
Chicago & Alton
Cliic. & Gr’nd Trunk t
Cbic. Mil w. & St. Paul.
Chicago & Northwest.
Chic. St.jLouis & N. O.
Chic. St. P.Minn. &0.
Cincinnati &Springf..
Clev. Col. Cin. & Ind.
Clev. Mt.Vern. & DelCol. & Hocking Val...
Denv. & Rio Grande..
EastTenn. Va. &Ga.
Flint <fc Pere Marq.,..
Great West’n of Can.J.
Green Bay & Minn.*..
Hannibal & St. Jos...
Cent..
Illinois Central (Ill.)..
Do
(Iowa lines)..
Ind. Bloom. &West...
Do
Ohio Div...
Indianap. Dec. & Sp..
Lake Erie & Western*
Louisville & Nashv...
Memphis & Char’ton.
Memphis Pad. &NO.*
Milw. L. Sh. & West..
Mo. Kan. & Texas§...
Mobile & Ohio
Houston & Tex.
Norfolk & Western...
Pad. &
relative prices of leading
Elizabetht’n*.
Peo’ia Dec.&Evansv..
St. L. A.& T.H. m.line*
Do do (branches).
St. L. Iron Mt. & So...
St. Louis & San Frau..
St. Paul Minn. & Man.
Scioto Valley
Texas & Pacific*
Tol. Delphos & Burl..
Union Pacific
Wab. St. Louis & Pac
1S80.
1881.
Mileage.
Increase or
1831.
Decrease.
2,261,207
257,700
367,397
81,084
1,767.939
83,629
-4,523
+ 85.563
+ 10,346
+ 3,702
+ 636,703
+493,268
+32,963
+ 116,384
-7,545
417,109
23,080
470,286
25,565
177,000
396,472
+ 42,000
+ 209,721
254,000
220,000
+ 34,000
157,364
381,509
130,487
411,058
18,006
239,031
289,380
594,946
137,809
606,193
21.204
215,308
305,462
649,984
182,402
117,955
89,573
64,944
111,593
884,400
91,337
12,883
59,423
750,508
159,348
190,682
26,841
86.249
74,123
62,563
622,500
286,373
414,954
50,290
229,833
991,297
v
224,737
251,013
•
51,184
91,779
827,089
80,132
12,010
31,752
494,574
140,593
179,947
2,634
2,450
840
335
840
335
3,800
2,836
3,111
571
950
571
797
-22,773
+ 16.032
510
900
318
823
210
292
152
385
1,840
1,840
11,255
330
330
113
260
113
235
1,652
1,315
+
+
+ 878
+ 27,671
+255,934
+ 18,755
+ 10,735
+ 3,8 /9
+ 41,098
-21,271
-3,469
565,869
267,319
232,630
32,335
150,204
+ 56,631
+ 19,054
+ 182,324
+ 17,905
+ 79,629
+ 39,057
+ 725,624
+ 357,514
+
242
+7,358
13,760
+19,814
+57,311
+ 44,593
+ 1,224
66.032
1,913,035
1,185,324
80
391
156
522
919
402
212
190
152
385
+ 55,038
-
2,576
80
318
823
210
292
522
919
402
212
190
+3,198
146
391
144
242
933
900
+26,877
-29,549
„
45,151
95,391
2,638,659
5
-2,485
22,962
26,160
Three weens only of August
t For the three weeks ended
i For the four weeks ended
492
-53,177
116,731
82,215
65,247
1,542,833
564
146
+ 48,952
160,160
29,463
1,973,437
761,120
92,332
219 000
1880.
$
.$
209,112
24,945
2,059,000
771,466
96,084
1,078,000
19,871,781 16,159,743
*
Gold.
MILEAGE IN AUGUST.
Gross Earnings.
Sept. 9, 1880.
The
gold.
earnings continue highly favorable.
443,000
402,000
299,000
gold from
banks during the week, for deposit in the
Total this week
FROM
fact, the percentage of gain on the figures of last year
July
appears to be increasing rather than decreasing.
showed an improvement over 1880 of 17 per cent; August,
America received $1,100,000
Bank of Germany...
4-84*
4-81*
4-841-2
60
$315,000
4,000
5,000
13,000
9,000
$231',OOO
Bank of France
30-30+
*
$1,000
$6,000
Total
England....
60
'
Certificates.
$220,000
10,000
Bank of
143*
30-161
00*
Dollars.
Currency
Gold
The
142*
143
In
ceipts and shipments of gold and currency, reported to us
-by the principal banks for the week ended September 7,
which (stated in our usual form) are as follows.
the associated
14316
128*
Returns of railroad
Loss.
The Bank of
ft
129
Notes.
$4,397,306 $
Receipts at and Shipments from
102
129-48
143-65
$
The interior movement as
101-74
129*
by the table below, shows a gain of pretty nearly 23 per
cent, and this on earnings of last year 31 per cent above
those for August, 1879, which in turn were slightly above
those for 1878.
While the earnings have increased 23
Into Banks.
*
a
102
129-48
ported by the leading banks.
Total
4312
10174
3003+
101*
43
102
101-01
"lie*
101-33
RAILROAD EARNINGS IN A UGUSTt AND
JANUARY 1 TO AUGUST 31.
following shows the Sub-Treasury movement for
the week ended September 7th—the 8th being a holiday;
also the receipts and shipments of gold and currency re¬
net...
4263
42*
115-79
cs
128-63
4-84
cables.
The
Sub-Treasury operations,
Interior movement
prices* prices.
116*
101*
Exch’ge,
Holi day
$2,579,005 24
30-C0I
116*
101*
115-79
Silver
142,000
224,000
207,000
34
19
Lond'n N.Y.
Lond'n N.Y. Lond'n N.Y.
Silver
$187,000
135,000
$509,167 33
Sept. 9.
U. S.
Duties.
2
100-91
Ill.Cent.
House.
Gold.
con.
N. Y. C..
Philadelphia. This makes the net loss
which, is a gain for the banks, $4,397,306.
The Assay Office paid out for domestic and foreign
bullion $3,06G,145, including $2,S25,157 for foreign gold,
and the following shows the daily receipts by the Treasury
Bate.
4283
Erie
$3,000,000 from
by the Treasury,
from the Custom
Sept. 8.
Sept. 7.
Sept. 6.
prices * prices. prices.* prices. prices.* prices.
confident.”
markets sufficient to tempt
our
London and New York at the openino
506
428
186
248
195
121
506
428
186
686
635
860
100
8S0
f300
686
565
656
100
510
240
3,361
2,479
3,056
1,928
•
190
195
121
3,712,038 35,021 31,222
in each year.
August 27.
September 2.
I Including International & Great Northern.
The heaviest gains are made by the
roads in the North¬
west, St, Paul and Northwestern being conspicuous this
month for their large earnings. Last year the grain crop
was early, and shipments were made
on a large scale.
This year the crop of cereals is late, but the higher prices
having their effect, and at- the Northwestern markets
the receipts are now above those of last year.
The South¬
ern roads also continue'to do well, but they show smaller
percentages of gain now. Southwestern roads maintain
the large
figures of previous months. The largest
are
SEPTEMBER
THE CHRONICLE,
10, 1881.1
however, in. point of amount, occurs on
the
Union Pacific,- which has added $725,624 to
its earnings of $1,913,035
for August, 1880. It is
to be regretted that none of the great trunk lines will
furnish returns for publication, so that we can judge of
the effect of the railroad war.
Our table contains one or
Cin¬
two roads—such
as the Cleveland Columbus
cinnati & Indianapolis—that may be considered as parts
So also
of trunk lines, and these show a decrease.
does the Creat Western of Canada.
It should be stated,
however, that in July the Pennsylvania recorded an in¬
crease in both gross and net earnings, notwithstanding the
265
June.
increase,
Name.
,
Gross
Jan. 1 to Date.
Operating
Net
Earnings Expenses. Earnings.
Cairo & St. Louis
Do
do
Louisville & Nashv
1881
1880
$31,836
$32,694
34.619
25,425
1881
1,227.885
654,174
976,230
1.794.982
497,2*1
1.063,752
945,704
39,062
24,894
Do
do
1880
N.Y. Lake Erie & West. 1881
Do
do
1880
Pad. & Elizabetht’n ....1861
Do
do
1,661,812
38,803
1880
29.509
*
5 per cent basis in 1881; 6 per cent in 18S0.
t Includes large amount spent for steel rails,
def.$858
9,194
573.711
479,029
731,230
716,108
Gross
Net
Earnings Earnings
$201,887
$25,126
180,710
22,036
5.477,516 2,010,700
4,057,212 1,700.889
9,997,393 3,398,620
9,091,064 3,451,872
def.259
4.675
249.766
182,080
56.645
39,759
renewals, &c.
THE DECREASED BUSINESS OF THE CANALS.
For the week
ending August 22 the canals of this State
67,637 tons of lumber, 40,443 tons of grain, 28,404
railroad war.
of iron and iron ore and 53,523 of
coal, showing an
For the first eight months of the year the forty roads
increase over 1880 of 14,114, or 21*3 percent, on
lumber; a
below make an aggregate gain of $20,810,686, or a little
decrease of 30,487, or 43-6 per cent, on grain; an increase
less than 19 per cent.
There are now only four roads
of 7,340, or 34-8 per cent, on iron; and an increase of
15,589,
that still have a decrease.
Subjoined is the table.
or 4IT
cent,
coal.
In
total
per
on
the
tonnage there was
GROSS EARNINGS FROM JANUARY 1 TO AUGUST 31.
carried
1881.
1830.
$
Burl. Cedar Rap. & No...
Cairo & St. Louis*
Central Pacific
Chicago A. Alton.
Chicago Milw. <fc St. Paul
Chicago <fc Northwest....
Chic. St. Louis & N. O...
Chic.St.P.Mimi.&Omalia.
Cincinnati & Springfield.
Ciev.
Col. Cin. & Ind
Clev. Mt. Vernon & Del*.
Denver & Rio Grande....
Flint A Pere Marquette..
Great West’n of Canada!.
Hannibal & St. Joseph
..
Houston & Texas Cent...
Til.
Central (Ill. line)
Do
(la. leased lines).
Indiana Bloom. & West..
Ind. Decatur & Springf..
Late Erie & Western*....
Louisville
Nashville...
Memphis & Charleston...
Memphis Paducah &No.*
Milw. L. Shore & We3t’n.
Mo. Kansas & Texas t —
Mobile <fc Ohio....
Norfolk & Western
Oregon Railway & Nav..
Paducah & Elizabethan'
Peoria Dec.& Evansville.
St.L.A,&T. H.mainline*
Do
do (branches)..
Bt. L. Iron Mt. & South’d.
St. Louis & S. Francisco.
St. Paul Minn. & Man
Scioto Valley
Texas <fc Pacific*
Union Pacific.
Wabash St. L. & Pac
Total
Net increase
1,380,496
259,468
14,807,926
4j693,628
10,367,000
13,232,032
2,369,223
2,416,003
615,849
2,899,883
256,604
3,720,336
1,199,671
3.449,482
1,425,760
2,277,333
4,119,647
1,089,838
780,394
325,685
850,169
7,181,916
752,651
$
1,285.940
244,324
12,318,196
4.691,180
7,465,470
11,957,023
2,070,425
1,824,145
591,352
2,860,041
269,250
1,835,490
987,092
3,261,025
1,598.947
1,977,892
4,082,440
1,078,446
789,372
263,385
665,102
125,049
349,577
4,765,256
1,412,799
1,357,999
2,610,977
315,426
430,576
910,076
477,492
4,491,441
2,000,376
247,118
Decrease.
$
$
94,556
15,144
2,439,730
200,552
2,901,530
1,275,009
12,646
1,884.846
212,579
173,187
1L392
9,478
62,300
1,132,769
126,877
129,953
523,685
78,645
166,841
863.093
46,983
428,877
3,617,010
48,615
874,431
402,140
803,002
1,598,236
2,750,722
1,942,720
253,669
2,198,687
16,696,067
8,901,855
201,606
52.063
1,494,262
704,425
2,397,673
1,340,654
14,298,394
7,561,201
130,540,652 109,729,966 21.206,549
395,863
20,810,686
Three weeks only of August in each year,
January 1 to Sept. 2.
X Including International & Great Northern.
t
latest
following is our usual statement of net earnings to
dates, comprising all the roads that are willing to
keep their stockholders informed
of current affairs.
ing
new
as
to the
condition
The present statement furnishes noth¬
worthy of especial comment.
GROSS AND NET EARNINGS TO LATEST DATES.
For July.
January 1 to Date.
Name.
Gross
Net
Operating
Earnings Expenses. Earnings
Bost. & N.Y. Air Line* 1881
Do
do
1880
Burl. Cedar Rap. & N0..I88I
$
25,306
28,184
1880
174,351
143,433
Clev. Mt. Vern. & Del.. 1881
29,95 3
Do
do
Do
do
1880
31,683
Des Moines & Ft. D’ere.l88i
Do
do
1880
Mem. Pad. & Northern 1881
do
1880
Northern Central
1881
1880
35,807
28,184
20,511
17,328
150,43)
151,594
410,811
450,298
Penn, (all lines east of
Jntts. & Erie)
1881
3,780.418
Do
do
1880
Nash. Chat. & St. Louis 1881
Do
Do
do
Do
do
1880
do
1881
1880
Phila. & Erie
Do
bt.
.
Louis Iron Mt. & So.188!
do
do
1880
3,449,644
291,669
308,699
533,512
432,6:5
$
$
12,913
12,3 >3
16,378
9,800
132,054
41,397
103,015
40,418
32,376 def. 2.423
28,716
2,967
•‘•79,265 df. 43,398
14,815
13,569
14,407
13,710
99,804
96,248
377,548
238,774
2,289,447
2.147.139
•219,071
215,869
383,818
289,201
6,104
3,618
50,626
55,346
63,263
161,524
Oregon R’y & Nav.
Do
do
Operating
Net
Earnings Expenses. Earnings
Co. .1881
1880
450,100
193,000
313.23
11H.P11
$
159,149
158,876
1,171,384
1,125,760
233,524
243,685
191.559
163,237
133,770
$
72,804
76,397
203,004
390,146
21.282
45,649
df. 44.121
66,807
113,039
23,242
14,549
1,229,653
1,176,274
3,102,077
2,666,OSS
1,103,723
8:0,239
January 1 to Date.
Gross
-
Net
Earnings Earnings
1.490,971 25,334.257 10,483,155
1,302,505 22,883,715 9,396,914
72,598
2,014,696
678,250
92,830
2,083,497
719,739
140,694
3,868.941 1,015.170
143,454^ 3,051,141
899,23 i
August.
Name.
Gross
257,100
194.328'
Gross
period from August 22 to
decrease of
22,820 tons on wheat and 40,202
; but lumber increases 5,739, iron increases 2,296,
salt increases 1,429 and anthracite coal increases
18,032.
The total tonnage declines 54,775, and the tolls were
$33,804, against $57,627 in 1880—a falling off of $23,823.
a
some
alarm at th© decreased business
Net
Earnings Earnings
2,610,977
1,286.498
2.087 292
1.153 615
only $777,000
the same time
restore tolls on west¬
bound freight and salt was a consequence of this
alarm,but the committee appointed by the Canal Board for¬
tunately, as appears to us, did not think the restoration of
tolls justifiable.
It was also too late, as the canal year
ends September 1, and the maximum to which the consti¬
tutional provision restricts expenditures on the canals for
next year is therefore already
past alteration. The com¬
mittee reported that in their opinion the amount available
will be enough to secure as good
navigation as has ever
been had, unless some great disaster occurs.
Whether
the decline is due to temporary, rather than to
permanent,
causes
is a question surely of not less practical
import¬
ance than the question how far the
falling off in tolls
is likely to go and how great
danger it imports. We
incline to regard the alarm as premature, and the decline
as due
largely, if not chiefly, to one cause—the railroad
war of this season—and.
therefore, not of a permanent
nature.
The effect of the rate-cutting upon the canal
business needs no urging, and there is an illustration of it
at hand in the fact that during the
weekending August 20,
of a total of 5,409,136 bushels of
grain of all kinds
shipped from Chicago, 2,459,061 bushels, or 45-5 per cent
went by rail, while the
percentage for that week in 1880
was 29-9, and the
largest rail percentage in that week
since 1873 was 39-3 in 1876.
Moreover, the lateness of
opening the canals this year must not be forgotten, and it
is not well to be hasty in coming to
conclusions about a
newly-adopted policy. Fast experience has some lessons
as to that
point. Ex-Governor Seymour, recognized as an
experienced student of public matters, and especially wellversed on the subject of canal transportation, has recently
of 1880.
*
The
the
and income this year, the latter having been
down to August 22, against $1,126,000 in
111,389
21,609
102,459
1,285,922
There is
There has been
185,067
1,525,078
1,228,046
2,087,292
236,781
263,735
For
on corn
188,457
3,632,487
shorter.
from last year
24,497
39,842
299,446
37,207
thus much
September 1, the traffic statement exhibits the same decrease
in tons carried which has been recorded in
every report but the one above during the present season.
298.793
591,858
5,656,838
641,262
146,658
Increase.
increase of
3,634, or 1-2 per cent; in the total of miles
cleared, by boats there was a decrease of 91,344, or 21-5
per cent; in the total tolls there was a decrease of $12,206,
or 30-8
per cent.
The average hauls for that week were
an
The recent attempt to
said that over-confidence about
getting the desired results
immediately should not be indulged; for experience has
shown that reduction of tolls does not generally approve itself
THE
266
[VOL. XXXHlffc
CHRONICLE.
by results in the first year. The late reduction, followed by night in the railroad warehouse. • Before the consignees
had another opportunity to demand the goods the ware¬
entire abolition of west-bound tolls, was only another step
house and contents were burned.
in the line of an old policy.
In 1837, 1840, and again in
By the law of New York (as declared by the Court of
1870, Mr. Seymour took strong ground in favor of the
canals ; in the last-named year the tolls on wheat were re¬ Appeals) the carriers were liable to the consignees for the
The duty of
duced from six cents a bushel to three cents. He throws out goods destroyed under these circumstances.
the carrier is not performed, nor is his liability reduced to
what may be another pregnant suggestion, in the remark
that of warehouseman, until he has either made or offered
that both railroads and canals are needed by the State,
and that success in its warfare with the Erie Canal would delivery to the consignee, or has done what is equivalent
by giving the consignee notice of their arrival and a
prove the greatest calamity the Central could bring upon
reasonable time and opportunity to remove them. And
itself, for if the canal were abandoned as a water-way, its
bed would remain and would make a route for a railway this, according to the opinion of the Court of Appeals, is
in general the rule established throughout this country
that could carry freight profitably at rates which the Cen¬
England. By failing to make delivery on
the night of the arrival of the goods, the railroad,
idends on its stock.
in effect, continued its strict liability as carrier through
Be this as it may, there should be no doubt anywhere
the night and until a delivery should be made.
But
as to the importance of the canals and the part they may
the law of Massachusetts is more favorable to carriers.
take.
The one fact that the unparalleled and unexpected
tral could not copy
without impairing the prospect
of div¬
development in our export trade is now, and may indefin¬
itely continue to be, mainly in raw materials, in which
food products stand first, is the most conclusive argument
for the water routes.
Were our exports mainly articles
of concentrated value and small bulk, they could bear
high rates; being of the contrary nature,
they must have
and
in
The decisions of that
of
a
in
a
not
State’establish that the proprietors
deposit goods which they have carried
warehouse, until the consignees shall take them, are
liable as common carriers for loss by fire meantime.
railroad who
carrier and becomes a
warehouseman whenever it has completed the transporta¬
The railroad
ceases
to be a common
for which water tion, and has, in point of fact, warehoused the goods;
After that it can be held liable for a loss by fire only upon
transportation is especially adapted. “Destroy the'canal,”
proof that the fire was attributable to negligence.
says Mr. Hayes, “and the Hudson is no longer a transApparently the consignees acted with much shrewdness
portation route—it becomes again only a beautiful
in bringing their suit in New York where the contract of
“stream.” The West has grown up since the canal
transportation was made, rather than in Boston, where the
was built, and it is probable that even Clinton had not the
foresightedness which could have enabled him to antici¬ goods were to be delivered. Had they sued in Boston
pate the changes which have since wrought such new con¬ they must, by the Massachusetts rule, have been defeated.
ditions. While the railroads have had almost everything But the suit in New York was sustained. The lawyers
for the company argued strongly that the Massachusetts
done for increase of their effectiveness, the canals—in part
rule ought to be followed ; both because they considered
from an unwise conclusion that the rail was to supersede
them—have scarcely had anything done. The question of re¬ it a good rule and because the affair of the fire occurred
there.
But the Court of Appeals said that, as the ques¬
taining them, however, is really hardly an open one, for
tion involved was a general principle of commercial law,
•events have settled it. The policy of utilizing water-routes is
The Mississippi now more than ever is growing in the courts of this State ought to follow and apply the
fixed.
importance as a route for food transportation, and in the general doctrine of commercial law as practiced through¬
North there is the Canadian route.
As to the enlarged out the country and disregard a local and peculiar rule of
Welland canal, it should be said that it has not figured in a single State, even though it were the State where the
this year’s commerce, for it was found that the mechanism transaction, or part of it, took place.
It seems desirable that either by legislation on the sub¬
for working the lock gates would not be ready in time to
ject, by agreement of the States to harmonize their laws,
open July 1, as was expected, and practical operation will
or in some other manner, uniformity of law over railroad
not be reached this season.
communication should be secured. Any lengthy railroad
VARIANCE OF THE RESPONSIBILITY OF CAR¬ journey, any carriage of merchandise between distant points
RIERS IN DIFFERENT STATES.
by rail, may extend, of course, through half a dozen States or
more.
Under the existing conditions the rights of parties
The inconvenience of treating railroad communication
on such questions as - a passenger’s privilege to stop over,
Over the great trunk lines and through routes of the coun¬
or to sell an unused portion of his ticket; his liability to
try as subject to the varying and conflicting laws of
be put off in the woods upon non-payment of fare; how
the States is strikingly illustrated by,a decision, just
the lowest rates
and
are
the
very ones
“
reported, from the Court of
arose
York.
the
Appeals. The controversy
The suit was brought in New
New York law was favorable to the consignees of
in Massachusetts.
goods.
Massachusetts law was favorable to the rail¬
the chief struggle in the case came
Shall the New York or the Mas¬
road company.
Hence
to be over the question:
applied ?
The story of the case was that valuable goods were
shipped from New York city by boat and rail, consigned
to merchants in Boston. They were duly forwarded and
reached Boston in safety, but late in the day.
The
consignees called for them promptly, but the railroad
employes, for their own convenience, declined to make
delivery until the next day. The goods were unloaded
from the cars, however, that night, and were stored for the
sachusetts rule be
prove
loss of
goods injured by delay, or
above
there
what
is to bear the
destroyed, like those
contents of a lost trunk; who
he may
described, by an accidental fire; what punishment
may be for railroad rioters or train wreckers;
care
is due in
watering and feeding live stock
trip;—the rights of parties on such questions
may change, and change without their knowing it, as
often as .the train crosses a State boundary line.
While
the law continues in this uncertain state, those who have
claims against railroad companies have reason to seek the
best advice in making a decision in what State to bring
suit.
There are few matters in modern American law
which give more opportunity for wide learning and good
judgment on the part of counselors than the one of select¬
ing the court in which to sue.
on
a
September
THE
10, 1881.]
CHRONICLE.
COTTON MOVEMENT AND CROP OF 1880-81.
©
Per cent
of Crop
Received, at—
statement of tlie cotton crop of the United States for
Our
1
ending Sept. 1, 1881, will be found below. It will be
total crop this year reaches 0,589,329 bales, while j
exports are 4,590,279 bales, and the spinners’ takings are
the year
that the
seen
the
stock on hand at the close of the year
of 212,233 bales. The tables which follow show the whole
movement for the twelve months. The first table indicates tlie
stock at each port Sept. 1, 1881, the receipts at the ports, and
the export movement for the past year (18S0-S1) in detail, and
891,801 bales, leaving a
1
the totals
Hear
Alabama....
South Carolina
039,414
78,967
195,690
71,019
4,281
880,042
713,505
10,386
200.015
4,969 335,704
5,103 24.774
4,850 ei,»n9
6.475
13,217
24,628
155.255
934,001
174,304*
183,743'
77,085*
48,887
312,311
413,291
134,269
74,092
54.001*
120,793
.
Florida
• •
North. Carolina....
Virginia
New York
Boston
Philadelphia
Baltimore
Portland
San Francisco
317,936
Other
Foreign.
355,528 1,635,615
7,410 116,263
217.299
479,748
37.866
270,062 507,943
53,029 .111,318 488,758
725
1,444
22,827
2,850
11,228
0,022
38,768
125,465
359
50
31,118
2,368*
1,507
Total this year... 5,874,990
Total last year... 5,001,072
2,843,957
2,554,569
r
69,810
328,818
86,482
1,110
5,925
1,385
1,567
56,210 556,344
35,087 390,324
1,130,708'4,500,279
212,233
876,041| 3,805,621
137,410
These figures are only the portion of the receipts at these
ports which
arrive overland
from Tennessee, &c.
By the above it will be seen that the total receipts at the j
Atlantic and Calf shipping ports this year have been
5,874,090 bales, against 5,001,672 bales last year. If now
add the shipments from Tennessee and elsewhere direct
manufacturers,
we
have the following
as
we
to
the crop statement
for the two years.
Year
Eliding Sept. 1—
1880-81.
Receipts at the shipping ports
bales.
Add shipments from Tennessee, <fcc., direct to
manufacturers
Total
,
Manufactured South, not
iiciuded
in above..
Total cotton crop for the year (bales)
The result of these
figures is
a
1879-80.
5,874,090
5,001,672
510,239
576,725
6,384,329
5,578,397
179,000
205,000
6,589,3*9 5,757,397
total of 6,589,329 bales
as
the
of the United States for the year ending Aug. 31, 1881.
We now give in detail the processes
by which the above conclu-
crop
ons
have been reached.
pointed the expectations of many, as
season gave
hope of a rapid permanent growth which has not
been realized. In fact,
notwithstanding the crop this year is
14*45 per cent larger, the
gross overland is actually 7*71 per cent
smaller. The reason for this, however, is
very apparent. In
the first place, last
year’s figures were swollen to unusual pro¬
portions by the embargo which the
yellow fever raised at
Memphis against marketing through that city, and which in
fact influenced, to some
extent, the early movement over a
large part of the district west of the Mississippi. This
gave an
unnatural impetus to
supplies sent via St. Louis, Cairo, &c.,
which was felt almost all the season
through, though of course
to a less
degree as it progressed. Last fall Memphis, being
healthy,
resumed its natural position again, so that the south¬
western crop has this
year had no special spur driving it
away from its usual channels.
Furthermore, there has
on
influence of
through
rates
really
a
contrary tendency at work,
over
a
combination
certain railroads
making the all-rail
expensive one to a considerable number of
mills which last
year found it the less expensive. Savannah,
Charleston and Norfolk have profited
by this diversion, having
received a larger
proportion of this crop than of many previous
°ues. To
illustrate this fact and the relative
positions the
ports hold and have held for
a series of
route the
centres,
we
more
percentage the
1872-73
^
years as marketing
following, showing what is the
through each port has borne since
We add similar figures for 1859-60
have prepared the
movement
to the total
presenting
an
yield.
interesting comparison.
02-68
11-20
10-00
13-80
01-12
07*14
13-22]
08-59
12-88
00-30
06 23
2613
23-40
08-60
09-07
11-47
06-75
1
03*13
10-68
09-37
1257
00-45
08-71
28-92
09-60
06-89
03-08
1284
10-43
10-96
00-52
08-05
2664
11*30
06-21
l
£
CO
tH
rH
1
02-31
11-33
08-92
11-24
00-37
08-02
3033
0265
1
01-30
1213
1051
1501
10-47
06 77
10-91
11-45
15-74
00-20
0837
25-93
09-61
0620
0604
01-57
11-03
0053
15-62
00-36
08-46
3155
08-74
0601
01 24
01-22
92-90
94*55
00-34
07-18
29-29
00-33
00-85
01*18
10-57
10-89
04*00
17*48
44*35
05*23
1
* t- CO
00*32
90-03
89*76
Overland net..
07-74
10 02
09*35
06-60
Southern con¬
sumption
06-69
0713
0536
05"70
03-60
02-25
03-11
03-11
0300
03-08
03-28
03-11
03-40
03-08
03-50
0320
foregoing affords at
a
iOO'OO! 100-00
glance
a
IOO'OO 100-00 100-00 100*00
history of the changes
marketing centres.
increasing
or
decreasing
the actual-equivalent of the changed facilities
or attractions
of one route over another.
This year, for
instance, a part of the gain to the Atlantic coast has doubtless
arisen from a better comparative
production throughout that
section. Everywhere acreage increased last
year, but in a portion
of the Grulf States and
Mississippi Valley the rains in the spring
and early summer, and the storms and floods
during the fall
months (which extended to but were less
prolonged and severe
in the Atlantic States), made the
crop of those sections a partial,
not a full, one for the area
planted. Thus, for example, we see
New Orleans marketed this year
only 24*37 per cent of the total
yield, compared with 26*13 per cent in 1879-80; the falling off in
percentage being clearly due, not to a falling off in comparative
acreage, but to a decline in the productiveness of the land plant¬
ed. This fact will be of use in our crop estimates for this
year.
In the above table we have
only figured the net overland, as the
remainder of the gross amount is counted either at New
York,
Boston, &c., or at the Southern ports where it first appears in
receipts. Still, the entire gross amount reaches the mills by
rail, and hence in measuring that movement we can
as
only do
gross
figures.
so
To show, therefore, the
progress made in the movement overland since 1873-74 we
give
the following statement of total
crop and overland, and per¬
centages of increase and decrease of each, for a series of years.
Gross
Crop of
Total Yield.
Increase and Decrease—
Overland.
Of Crop.
1880-81
1879-80
1878-79
1877-78
1876-77
1875-76
1873-74
extent, disap¬
its increased volume last
an
01-85
I'*
86-87
1874-75
Overland and Inter-State Movement.
The overland movement this
year has, in its
been
1
correctly by using the
'
1876- . 1875-6. 1874-5. 1873-4.
And yet it will not do to accept these
436
339
74,142
157,011
rH
1
02’35
07-48
00
rH
1.
14' IS
10-10
1351
00-29
05-05
24-37
10-83
00
00
89’15
percentages,
600,351
134,628
CO
made and in progress between the
ports as
2,502
725
8,25 i
3,735
£
t:
Tot. U. S. crop. 100*00’ 106-00 100-00 100-00
1881.
Total.
1
£
&
Total through
all ports
....
Stock.
Sept. 1,
1,605,680
302,310
670,605
Texas
Florida
Mobile
New Orleans..
180-1.
00
*
1
ending Sept. 1, 1881.
Chan¬
France
nel.
Georgia
*
year
Great
Britain.
18S1.
Louisiana
..
The
Exports
ending
Sept. 1,
poets.
Wilm’gt’n, &c.
Norfolk, &c
Charleston,&c.
Savannah, &e..
Galveston, &e.
N. Y.. Bost.,&c.
for 1879-80.
Receipts
267
Bales.
Bales.
....
6,589,329
1,090,067
....
5,757,397
1,181,147
....
5,073,531
891,619
Increase
5*45
4,811,265
4,435,423
4,669,288
3,832,991
693,640
7-26
....
....
....
....
....
Increase from
4,170,388
season of
.
Per Ct.
Increase 1445
Increase 13-48
636,886
Increase
Decrease
703,780
461,751
Increase 21*81
Decrease 8*09
497,083
Increase
’73-74 to ’80-81
3-94
6*10
Increase 58*00
Of Overland.
Per Ct.
Decrease
7-71
Increase 32*47
Increase 28'54
Increase 8*91
Decrease 9*50’
Increase 52*42
Decrease 7-11
Increase 23*5(1
Incr'se 119*29
This statement
brings out very emphatically the change in this
year’s movement, and proves the statement made above, that
although the crop of the country increased 14*45 per cent, the
overland fell off 7*71 per cent.
Leaving out this year, however,,
it will be noticed that for previous seasons the
growth of the
overland marketing of the crop has been constant and
decided,,
except when short crops have temporarily modified the develop¬
ment.
Thus in 1873-74 this movement covered
only aboutJ12
yield, but in 1880 it reached over 20 per
cent; furthermore, during the same period, while the
crop was
increasing 38*05 per cent the overland increased 137*61 per centThis was up to the close of last
year. A growth continued
through so many seasons is to some extent an indication of a
natural tendency towards development which artificial means—
such as higher rates—can only
temporarily check.
In determining this year the portion of the
crop forwarded
by each of the different overland routes, we have introduced
no new features.
And yet, to prevent any
misunderstanding
our usual
explanation is necessary.
per cent of the total
First.—We have followed
our usual plan of
counting each bale of cotton
outport where it first appears. This is a simple rule,
applying to every part of our annual cotton crop report. In this way we
not only preserve the unity of the report, and therefore
simplify it, but,
as a consequence, also make it more
intelligible and less liable to error.
Second—From the gross carried overland we
consequently deduct all
cotton shipped by rail from Southern
outports *to the North.
Fear
instance, from New Orleans, Mobile, &c., frequent shipments are thus
made, an account of which is kept, but it is all included in the crop of
New Orleans or Mobile, &c., as the case
may be, when it appeal’s there,,
and therefore when the same cotton
appears again in the overland, it
must of epurse be deducted, or it will be twice counted.
at the Southern
I HE (CHRONICLE.
26S
[Vol. xxxm.
taken was 1,090,067 bales, against 1,181,147 bales last year, and the
They, also, for movement direct to manufacturers this year reaches 510,239
the sake of unity and simplicity, are counted at the outports where they
bales, against 573,727 bales a year ago. This shows a decrease
first appear. But, as is well known, the entire Southern consumption is
from last year of 91,080 bales in the gross movement, and of
made up in an item by itself and added to the crop. Hence, unless these
66,486 bales in the net movement. We now give the details
small lots which thus go into Southern consumption from the Southern
of the entire crop for the two years.
outports are deducted somewhere, they will be twice counted.
Louisiana.
Fourth.—We also deduct the arrivals during the year by railroad from
Third.—We deduct from overland,
likewise, the small amounts
from the Southern outsorts
for Southern consumption.
the West and South at New
York, Boston, Baltimore, Philadelphia
these ports by coming across
Those receipts reached
Portland.
and
the
Exported fromN. Orleans r
1880-81.
To foreign ports
1,635,615
totals, becoming a part of the receipts
at the ports, under the heads of “New York” and “Other Ports,” but
up and included under each separate" city
now have been divided
according to the amount thus received by it during the year, as indicated
in the first table of this report. All this cotton, then, having been
counted during the year, must now be deducted as has been done.
country, and appear in our weekly
explanations, our detailed overland movement
given below will be readily understood. Of course, in making
up that movement we have followed the plan which was first
With these
coastwise ports
Northern ports, &c., by
river and rail*
Manufactured*
Stock at close of year
Deduct:
Received from Mobile....
Received from Florida,&c
Received from Galveston
and Indianola
Stock beginning of year..
To
To
Total product
suggested and acted upon by ourselves fifteen years since. Up
to that time this item had only been a crude estimate, based
upon the Memphis and Nashville statements. Now we have
made it as exact a record as any other portion of the crop total.
Below is our usual outline map or diagram, by the aid of which
one can readily trace the
course of the movement where it,
crosses the Mississippi, Ohio and Potomac rivers, as given in
the statement which follows.
*
1.441,941
199,564
255,014
3,094
1,700
2.101
1,946
32,197-1,733,199
71,919—1,911,892
167,277
199,409
2,070
53
72,530
32,197-
56,620
4,595—
306,206
-
228,545
1,504,654
1,605,686
of year.
In overland we
1879-80.
s
have deducted these two items.
Alabama.
Exported from Mobile :*
111,637
243,886
1,327
2,751—
116,263
To foreign ports
To coastwise ports
Burnt and manufactured...
Stock at close of year
273,704
1,360
4,231-
395,608
Deduct:
Receipts from N. Orleans.
Receipts from Pensacola.
13
347
538
680
358,971
392,319
product of year
Total
320-
3,289
2,751—
beginning of year..
Stock
359,651
*
Under the head of coastwise shipments from Mobile are included
47,661 bales shipped iuland by rail, all of which, with 1,360 bales local
consumption, will be found
deducted in the overland movement.
Texas.
Exported from Galv’n, &c.:
'lo foreign ports (except
Mexico)
Mexico, from Eagle
Pass, &c
To coastwise ports*
Burnt and manufactured
Stock at close of year
479,781
296,035
8,977
217,433
197,955
To
5,839
24,628—
505,454
5,625-
730,S19
Deduct:
Received at Galveston
from Indianola, &c
Recovei’ed from wreck
Stock
Total
A
B
•
C
D
E
F
G
Mo. Kan. <& Texas HR. connection.
Baltimore & Ohio RR.
Springtteld D'vision of the Ohio &
Mississippi HR.
Louisville
Illinois Central RR. and branches.
St. Louis & Southeast’n RR. (from
Shawneetown and Evansville.)
Cairo & Vincennes RR.
Evansville <fc Terre Haute RR.
Louisville New Albany &Chic. RR.
H&K Jeffersonville Madison & Indian¬
I
J
L
M
apolis RR. and Madison Branch.
Ohio & Miss. RR., Louisv. Branch.
Cincinnati Southern RR.
Ohio & Mississippi RR., mainline.
Connections in Ohio of the Balti¬
more & Ohio RR.
&
Nashville RR. and
Memphis Branch.
Through route Memphis to Nor¬
folk.
Chesapeake & Ohio RR.
Virginia Midland RR.
Washington route, via Richmond
Fredericksburg & Potomac RR.
Richmond York River <& Chesa¬
peake RR.
Southern route from Richmond
and Norfolk.
Short Line RR., Louisville to Cin¬
cinnati (Louisville Cincinnati &
Lexington RR.)
nations made in
will be needed to
previous annual reports, nothing further
explain the following statement of the move-
our
ment overland for the year
ending September 1, 1881:
1880-SI.
Amount
:f ti¬
1879-80.
shipped—
From St. Louis
Over Illinois Central
Over Cairo & Vincennes
Over the Mississippi
River, above St. Louis
Over Evansville & Terre Haute
Over Jeff jrsouvillc Madison &
Over Ohio &
Indianapolis
Mississippi Branch
Cincinnati & Lexington
Over Louisville
Receipts at Cincinnati by Ohio River
Receipts at Cincinnati by Cincinnati Southern....
Over other routes
Shipped to mills, not included above
Total gross
overland
401,918
479,636
33,817
70,199
120,4.01
140,024
99,226
106,823
27,971
40,139
86,157
128,082
42.542
79,169
59,222
103,314
,43,713
69,061
78,186
28,118
13,123
494,885
713,505
1,054 bales carried from
deducted
Galveston North by rail, which are
in overland.
Florida.
Exported from Fernandina, &c.:*
To foreign ports
725
To coast wise ports
18,661
Stock at close of year
596
16,984
—
Deduct:
19,386
17,580
.—
*
40
Shipments from K. West.
Stock beginning of year
49
—
7,531
19,386
product of year
only the shipments
has gone inland to
Savannah, Mobile, &c., but we have followed our usual custom of count¬
ing that cotton at the outports where it first appears.
*
These figures represent this year, as heretofore,
from the Florida outports. Other Florida cotton
Exported from Savannah:
To foreign ports—
Upland
Sea Island
To coastwise
796
5,561
ports—
Upland
423,296
502,234
.
374,832
9,640
.
Sea Island
Exported from Brunswick, &c.:
.
148
To foreign ports
To coast wise ports
Burnt
6,148
Manufactured
1,550
4,782
585
1,156
Stock at close of year—
Upland.
303,679
10,730
10,879
12,839
.
373—
Sea Island
59-
913,915
Deduct:
Received from—
5,517
2,473
296
Mobile and N. Orleans..
Charleston, Br’nsw’k,&c3
14,961
Florida—Upland *......
278
603
Sea Island*...
5,459
3,672
beginuiug of year—
Upland.
10,379
1,090,067 1,181,147
7,293
Stock
1,679
8-
23.973
59-
Sea Island
13,952
493,301
522,375
11,989
5,011
Galveston
1,054
9,058
and, being counted in the Florida receipts, are deducted here.
these amounts, there have also been 17,591 bales Upland and
bales Sea Island, from the interior of Florida, received at
New Orleans
4,794
4,047
during the year by rail.
49,021
1,550
54,437
Receipts overland at New York, Boston, &c
Shipments between (or South from) Western intericr towns
Shipments inland (not otherwise deducted) from—
:
10,569
*
Coastwise exports are male up as follows: 201,169 bales from Gal¬
veston ; 16,264 bales from Indianola. Included in coastwise exports are
Deduct—
ll-
17,314
5,625-
beginning of year..
5,346-
Georgia.
-
ti it
933
product of year.
Total
By examining the above diagram, and with the aid of expla¬
4,290
11,689
Mobile
Savannah
781
6,00(3
1.005
12,113
7,680
Total to be deducted
579,328
604,422
Leaving total net overland*
510,239
576,725
Virginia ports
This total includes shipments to Canada by rail, which, during
amounted to 22,898 bales, and are deducted in the statement
*
sumption.
According to the above, the total carried
*
741,425
889,942
product of year
These are
only the receipts at Savannah from
South
the Florida outports,
Besides
6,47o
Savannah,
Carolina.
Exported from Charleston, &c.:*
To
28
Charleston
North Carolina ports
Total
foreign ports—
Upland
Sea Island..
To coastwise ports—
Upland
Sea Island
ExpTt’d from Georget’n,&c
Burnt
468,946 1
*
10,802
7,424
8,689
3,013
7,425
145,378
185,596
1,592
337,349
’*
1,232
Included in the exports from Charleston are the exports from
1880-1,
of con¬ Royal and Beaufort, which were as follows this year—1880-81:
To Liverpool—27,397 bales Upland and 453 bales Sea Island.
overland this year
*
To Bremen—9,630 bales Upland.
To coastwise ports—6,853 bales Upland
and 2,191 bales Sea
Port
Island.
September
THE CHRONICLE.
10, 1881.1
South Carolina—Concluded.
1880-81.
,
gtock at close
of year—
256-
503,514
Sea Island....
Wilmington ............
Savann’li, &e.—Upland.
8ea Isl’d
Stock beginning of year-
Upland
Sea
Total
Island
27
877
2,649
5,120
*659
431
2,490
[4,400
206-
670,605
North
Burnt
Stock at close ot year
Deduct:
Stock beginning of year..
Total product
*
Of these
216
19-
10,565
product of year
Expt. from Wilmington,&c.:
To foreign ports
To coastwise ports*
Taken for consumption
1878-79...
1879-30...
1880-81*..
'
2,524
*
9,153
494,361
Carolina.
69,810
85,612
35,783
69,916
„„„
we
have the follow¬
603—
106,302
603
57-
57
155,255
106,245
shipments 6.006 bales went inland by railroad from Wil-
mipgton, and are deducted in overland.
Virginia.
Total.
Weekly.
Year.
Weekly.
Year.
Weekly.
2,843.000
3,350,000
3,580,000
54,200
63,800
69,000
2,596,000
2,725,000
49.900
51.900
2,912,000
5,439,000
6,075,000
56.0C0
6,492,000
104,100
115,700
125.000
European consumption, according to this statement, has
increased
over one million bales of 400 lbs. each
since 1878-79.
These results for the three seasons are
suggestive; for, in
connection with the general commercial situation,
drawing pretty safe conclusions
First, however,
as to
with
they furnish
regard to the
the accuracy of the data, it is
vight to remark that some of our people think Mr. Ellison is
overestimating the present year’s consumption and underesti¬
mating spinners’ stocks. This is, of course, possible, as all such
figures are necessarily approximations ouly ; but Mr. Ellison’s
methods are so careful and
thorough, and find—so far as Eng¬
land is concerned—such evident
support in the increased export
of goods, that we cannot be far
astray in accepting his estimate.
There is, nevertheless, a qualifying fact, not
Exported from Norfolk,&c.S
328,SIS
598,538
Continent.
Estimated for last two months.
future.
^^
1o5,So8
603—
of year
To foreign ports
To coastwise ports
Taken for manufacture
Burnt
Stock at cud of year, Nor¬
season),
Year.
material for
••••••
436—
Great Britain.
In bales of
400 lbs.
Deduct:
Received from—
Florida—Upland....
this
4,450
718-631,170
Island
ing of course the remainder of
ing comparison.
-1879-80.-
/■
1,781
Upland
Sea
*
269
257,065
497,607
appearing on the
surface, that should be stated, which is that the greater waste
in this year’s crop makes
the total weekly consumption in aver¬
folk, &c
339— 941,302
3,239— 763,665
Deduct:
age bales larger than it would otherwise be.
Mr. Ellison, in his
Received from Wilm’gt'n
3.922
4,054
annual circular last January, called attention to the
Received from Mobile
3,000
importance
Stock beginning of year..
3^289—
3367,211
7,440 of this point in
saying that “ an increased waste of only two
Total product of year
934,091
per cent would mean an additional consumption of over 2,000
761,225
bales per week.” Mr. Samuel Smith, of
Norfolk, &c.,” exports are made up this year as follows: To foreign
Liverpool, in his cir¬
ports all the shipments are from Norfolk; to coastwise ports all the cular of May
writes
the
31,
that
“
large
quantity of dirt in
shipments are from Norfolk, except 206,695 bales shipped from City
the present crop involves much waste in
Point, Richmond, Petersburg, &c.
cleaning, and considTennessee.
erably more bales will be spun up than in such a year as
Shipments—
last, when the quality was very good.” Mr. Nourse, of Boston,
From Memphis
468,467
403,811
From Nashville
81,995
in a letter to us some time since,
76,336
gave it as his opinion that the
From other places in Ten¬
waste in this crop is nearly 5 per cent over the Jast one.
nessee, Miss., Texas &c.
734,999
834,945
Stock in Memphis and Nash¬
In view of the above, it would be right to deduct,
ville at end of year
say, about a
11,088—1,296,549
7,139-1,322,231
Deduct:
hundred and fifty thousand bales of 400 lb3. each from this
year’s
Shipped from—
increased consumption in Europe—that deduction
Memphis to N.Orl’ns.&c 152,179
105,337 representing
Memphis to Norfolk, &c 101,074
87,691
not the actual waste in the present crop over the last
Nasliv. to Norfolk, &c..
one, but the
29,618
23,444
Shipped direct to manu¬
waste over an average crop, the previous
crop being above an
facturers
510,239
576,725
Stock at Memphis and
average in spinning qualities, and above, therefore, what
Nashville at beginning
we may
suppose the coming crop will be. This would bring
of year
7,139- 803,243
1,659— 799,856
the actual European consumption of
lint this year down
Total shipments to New
to about 6,350,000 bales of 400 lbs. each, which is, we
York, &c
think, a
493,301
522,375
Add shipments to manufac¬
safe starting point for an estimate of next year’s
spinning
turers direct
510,239
576,725
requirements. That is to say, Europe will want in the com¬
Total product from Ten¬
ing season 6,350,000 bales of 400 lbs. each, or say about
nessee*
1,003,540
1,099,100
5,700,000 bales of the present average weights, in case there is
•Except the shipments to New Orleans, Norfolk and Charleston, which
no increase in spinning and the
are included in the New
Orleans, Virginia and South Carolina crops.
crop is of average condition
12,113
10,326
1,494
378
,
“
“
* “
“
“
“
.
Total product, detailed above by States, for the
year
September 1,1881
Consumed in the South, not included
Total crop in the United States for the
year
1831
Below
we
Years.
give the total
Bales.
3880-81
6 589,329
1879-80
1673-79
5,757.397
5,073,531
1877-78.... 4,811,265
1876-77....
1875-76....
1874-75....
1873-74....
1372-73...
1871-72..
1870-71..
1869-70....
4,485,423
4,669,288
3,832,991
4,170,338
3.930,508
2,974,351
4,352,317
3,154,946
crop
each
Yca^s.
1865-66....
1861-65
1860-61....
1859-60....
as
ending
6,384,329
205,000
to waste.
But the
’
prevailing belief is in
a
further activity in the goods
trade.
ending Sept. 1,
year
Bales.
2,228,987
6,539,329
since 1834.
Years.
18 47-48....
No record.
1846-47....
3,826,086
1845-46...
4,823,770
1844-45....
1843-44....
1858-59.... 3,994,481
1857-58.... 3.238,902
1856-57.... 3,056,519
1855-56.... 3,645,345
1854-55.... 2,932,339
1853-54.... 3,035.027
1852-53.... 3,352,832
1851-52
3,090,029
1850-51.... 2,415,257
1849-50.... 2,171,706
1343-49.... 2,803,596
1842-13....
1841-42....
1840-41....
1839-40....
1338-39....
1837-38....
Of this there is also strong presumptive evidence in the
fact that the tendency has been so decidedly in the direction of
expansion during the last three
seasons, as shown above.
Fur¬
thermore,
this
revival
comes after a prolonged prostration, dur¬
Bales.
2,424,113 ing which the people have been economizing and
recuperating^
1,860,479
their wants have been growing. Then, again, food
2,170,537 while
crops
2,484,662 have
probably
turned
better
the
out
season
present
all
over
2,103,579
2,394,203 Europe—England possibly excepted—following also much bet¬
1,638,675 ter
crops last year than they were the previous year. Finally,
1,639,353
2,181,749 capital is extremely abundant and
anxiously seeking investment.
1,363,403
Hence,
if
India’s
monsoon
1,804,797
proves fairly satisfactory, and there
1836-37.... 1,425,575
1835-36;... 1,360,725
should be
1831-35....
reason
serious
derangement of the Eastern exchanges by
in the silver question, it would appear
complications
1866-67..
2,059,271
1833-34.... 1,205,394
reasonable to anticipate a further healthy growth in the spin¬
Consumption.
ning industry in Europe. It is true England may not have so
The world now appears to have entered
upon another pro¬ large a trade with European countries, because of the wall of
gressive era in cotton spinning.
Ever since the summer of protection that has been raised around the Continent, but a
1879 the development has been constant. The first
impulse better home demand will compensate for this loss, if there is
Europe felt came from the United States, where the trade had any, while so far as the raw material is concerned, protection
been gradually
improving for the two year3 previous. Our can only make a change of purchaser, for the Continent must
memorable speculation of 1879 set every European spindle in be clothed
by her own spindles if not by England’s.
motion, and from that day to this the estimates made of con¬
With regard to the United States, the goods trade during the
sumption have all the time been found to be too small and have
year has also been both prosperous and progressive. It has
been
repeatedly increased. For October, 1879, Mr. Ellison report¬ experienced no noticeable check in either particular since 1878,
ed European
weekly consumption at 108,000 bales of 400 lbs.each; except such disturbance as the speculation in the fall and winter
for August,
1881, the weekly figures had been raised to 125,000 of 1879-80 produced. In fact, the cotton goods trade was among
bales of same weights, which would show an increase of
17,000 the very first to effect a readjustment to the new conditions
bales per week, or at the rate of
nearly 900,000 bales per year. which the panic of 1873 made inevitable. One circumstance has
If we take the season’s
figures for the last three years (estimat¬ been in some measure to the disadvantage of spinners the
1863-69.... 2,439,039
1867-68..
2,498,895
1,254,323
of
no
THE
270
[Vol. XXXIII.
CHRONICLE.
Standard
Print
Sheetings.
present season, and tliat is a further increase—following a
Cloths.
similar movement the previous year—in the cost of manufac¬
Coils.
Cents.
12 00
ture, by reason of higher wages, &c. But, notwithstanding Assuming the cotton cost
11*25
2-26
this fact, the trade has been profitable, distribution keeping Waste would be
2-30
6-50
12*00
well up with production, except during the freight embargo rinst 1nM.n11fii.pt1m> mikI sole ner pound.....
20*70
00
Cni^t per pound
produced by the remarkable snow-storms subsequent to the
first of Januarjq when there was in some departments an
7.07
O*0D
8*50
accumulation of stock in first hands. These accumulations
4*00
were, however, quickly absorbed during the late spring and
1-23
*35
Profit per yard
3*52
early summer months, [for interior merchants then found it Profit per pound, cents. .A...
2*45
necessary to make constant purchases to supply actual wants,
But even the above are to be taken only as approximations, and
thus keeping the trade good at the .period when it usually
can be by no means uniformly applied.
Many managers have
rules quiet. To-day the manufacturer’s situation is very favor¬
laid in their cotton better than assumed in the foregoing; the
able; consumption is large enough to keep every spindle in
best-conducted mills manufacture at a lower cost than stated;
motion, and is increasing, while the margin for profit, though
others perhaps run on borrowed capital, poor credit, with
not what it was during the wild speculation of last year, is still
shiftless and improvident management all through.
We
fair in all cases, and in the best-managed mills extremely satis¬
factory. To show the ruling rates for print cloths, we give the might, for instance, as illustration, truthfully say that there
are print-cloth mills which have made two or three times the
following statement of daily prices during the year.
above profit, and it is possible that others have netted even
DAILY PRICES OF PRINTING CLOTHS FROM SEPT. 1, 1SS0, TO AUG. 31,1 8S1.
less than given.
However that may be, it is easy to gather
from
has
what
been
presented that production lias been
June July Aug.
!
Mar. Apr.
Bag. Sept Oct. Xov. Dec. Jan. Feb.
pushed during the year and that it will be pushed more per¬
t
315,6 oq
II.
tq
4*3
4q6 31*1.6' s.
1... 3m
I110 4'q
4
31
3q
3*4
,3*4
S.
;,i 1
sistently during the coming season.
ir.
tq
tq,;
4
4*3
2... 3 7s
3 q
s.
t
8., 13*4
4q
8.
4*8
4%
4*16 4
3.... 3%
As a historical fact, and as bearing on the question of
II.
4
378
3*4
3*i
4q
4*8
430
4*16 t
A.... 3~s
iq
3
8.
3*4
3*4
315,6 '8
4* *8
4q
8.
4
4*16 4
8.
5....
present capacity to produce goods, it should in this connection
4
8.
3*4
8.
315,6 3 q
3*4
iq
4
4*8
4*8
6.... 3 8
be remarked that there was a very severe drought over a con¬
8.
4
4
3*4
3*4
315U}
tq
8.
4*16
|4*s
7.... 37*
378
1
8.
3q
4
3*4
315,6
tq
4*8
3
4q
4*16
8.... 378
siderable section of the North the earlier part of the season,
4
4
3*4
3*4
315,6 3 '8
8.
tq
iq
iq
37s
9.... 378
3 q
8.
t
8.
1*4
tq
378
S.
cutting short water-power for about four months, and making
4q
4*1.; 4*16
10.... 376
•t"
3*4
3101,; 3 q
:!78
iq qq
4*16 -tq
37h
11.... 4
for the time being a considerable falling olf in preduction.
3
8.
3
*
31
q
°16
>1,5
8.
31*1,5
iq
S.
4*16 t*l 6 3%
37h
12....
i * -116 4
8.
8.
3v8
315,(5 oq
3 7h
Gtood judges at that date estimated that during, those months
iq
iq
4*16
13... 4
31 ‘10 1
3 '3
3*4
3151.; 8.
8. :4q
3 ‘8
4*16 tq
14.... 4
there was an enforced loss of 12 to 15 per cent in the weekly use
s.
4
378
3'5,6 3q
iq
37k
iq
4»t« tq 3*4
15...: 4
3 q
315m;
8.
3*4
3154,5
378
tq
5
3111«3
•iq
4
iq
10....
78
of cotton, netting from 3 to 4 per cent of the total possible
8.
3 *4
315,6 8. 3 q
S.
iq
4q
17.... 4
4*16 tq 3*4
3
315,6
;>ir'i«
Northern consumption for the year. There are no data for
'3
3q
31*16
315,6
4q
iq
18.... 4
3lojc, 1*10 •iq
8.
3 '8
315,6 31 •->16
3-8
8.
tq
4
8.
4*16 37s
19....
iq.3
But it may be presumed
s
s31,jU5 31,*,„ 31 i,> definitely testing such an estimate.
378
»q
tq
•1
20.... 4
4*1.; iq
31*16 315,6 8.
s
tq
31*1,5 3 '8
•tq
4*16 3*4
443
21.... 1
that the loss on this account, whatever it may have been, was in
II. 378
4q
31*1,5 8. 3’*q„ 315,6 315,6
tq
22.... 4
•1*1.; tq
8.
iq
31°16 3151(., 315,6 part made good through the greater demand existing this
315:,; 31-V 5 '3
23.... 4
Hi
4*i o tq
t
iq
I 8.
315,6 8. 3 *q<3
tq
41i
s
iq
iq
24.... 4
season for the heavier sheetings, drills, ducks, cottonades, &c.,
31 ''16 315,6 >l-’l4
4 >4
H.
H.
tq
31*1,5 3i*i,. :jq
25.... 4
iq
s.
!*,516
315,6
8.
tq
i‘q,5
31*16
iq
31q,v
which demand has increased their proportionate production.
20....
iq
i;,l(i j
t
8.
315,6 315,6 31° 16
8.. j 3*4
L
07
iq
iq.5 i II. tq
1
Then, again, there has been in progress a considerable replacing
3*4'
8.
378
315,6 31o16 8.
! 4*1,5 4q
tq
28....'4
iq
315,6 of old
3-5,6 3q
378 i3*4
29.... 4
iq 1 4*8
4*1(5 tq
spindles with new ones, enlarging the capacity for the
11.
378
8. 1
31546 3 '8
37b j 3*4
SO.... I
4q ; 1*8
4*1,5
t
8.
3'q
8.
3l*i6
31
•1»10 tq
production of yarn by the substit ution. Furthermore, and besides
this, we have the actual addition to the number of spindles by
The relative position of goods and cotton may be at a glance the building of new factories and the enlarging of old ones.
approximately determined on the basis of the following com¬ According to the best estimates the addition thus secured is
parison of prices of cotton, standard sheetings and printing about 375,000, making the total spindles for the whole country
cloths the first day of each month for the past three years.
at the end of the season about 11,875,000.
Altogether, then,
from
these
sources—the
heavier
goods
produced,
the substitu¬
Year End inf/ with August 31—
tion of improved spindles and the new spindles added—we
First
1878-79.1879-80.
1880-81.
are able to understand not only how the loss
of capacity
Day
Lore
PrintPrintLow
PrintLoui
during the drought was made good, but also how it was possible
Each Midd'g
Midd'g
ing
ing
Midd'g "S
ing
there should be the increase in consumption which our figures
IT nth
Cloths
Cloths TJpl'nd
Cloths TJpl'nd
TJpl'nd
show has taken place during the year.
04x04. Colton.
64x64.
04-01. Cotton.
Cation.
With regard to our export trade there is not much to be said.
Cts.
Cts.
cts.
Cts.
Cts.
Cts.
Cts.
Cts.
Cts.
There has been quite a little development in the movement dur¬
8
7*4
111516
4*16
3il13
7*4
3q
1H*16
Sept.. 11 q
ing the year, but the proportions are still very limited when we
8
3q
ioq
7*4
7*4
3*16
Oct.'. 11
10q6
4*10
take account of the field we might occupy if we only chose.
7q
11
3q
8
4q
oq
4q
Nov.
7*4
10*16
We are indebted to the Bureau of Statistics for the present
3q
9
7q
sq
4*8
41*16
8q
Dec.
12*16
119,6
3q
9
7q
•tq
4q
oiie
Jan.
liq
sq
12*16
season’s figures, and give them below, in connection with the
7
3*8
12 q
9
5*8
oq
Sq
4q
Feb.
11*16
result of previous years, for comparison.
'
..
11
5q
7q
3*16
‘
-a
.
-
35—
'8
..
■’
....
....
I
—
....
...
*
cc
cc
,
0
.
-
.
.
.
sq
•Hie
sq
31*16
12iq6
12q
oq
9151C
oq
5q
May..
oq
8
3*4
liq
oq
5
June.
10516
8
4
liq
oq
4*16
July..
Aug.
10*8
sq
H*16
101516
4
H716
31516
3q
8q
sq
sq
4
Mar..
April.
.
9716
10*16
11*16
121*16
7q
3*8
7*4
8q
3Hi6
4q
i2q
sq
4*8
11*16
sq
4q
Note.—Sheetings—Agents’ prices (for xVtlantic A) are given.
favorable balance sheet the average manager must have been
able to make up as the result of his year’s work. But, to per¬
it is evident that the prices received must
extent by the other facts mentioned, as,
for instance, the advance in wages and increase in waste,
both
items
of
additional
of
them
expense
which
the above figures cannot indicate. The approximate profit to
the spinner may therefore be better represented by the follow¬
ing. In a similar statement last year we gave the cost of
manufacture of print cloths too high, and hence the lower
figure this year.
fect the comparison,
some
1881.
Colored
This, in brief, represents the situation.
That is to say,
although the foregoing figures are not a perfect guide to
exact results, yet they afford a fair demonstration of the
MANUFACTURES.
Year
Printing
Cloths—Manufacturers’ prices.
be modified to
EXPORTS OF COTTON
Uncolored
Do
1870.
1880.
1878.
37,765,313
$2,959,910
88,528,192
84.081,310
goods. Yds. 80,399,154 68,821,507
goods ...Yds.
Do
*
ending June 30—
Value
Value
Otherman’f’sof Value
08,184,203 37,758,100
$4,933,312 $2,956,760
45,116,058
$0,624,374 $5,834,541
$1,963,601 $1,100,117
$6,2S8,13L
$1,350,534
$3,200,285
$7,053,463
$1,422,287
Total cotton manufac¬
tures
export’d Value $13,571,287 $9,981,418 $10,853,950 $11,435,660
improvement
previous years, and more especially on last year, does not
admit of much boasting. It is to be said, however, that the
exhibit appears very satisfactory, in view of the fact that our
home demand has been so active that there has existed little
inducement for enlarging the export trade. But the time is
coming—and cannot be very far distant—when we shall have
expanded our spindles beyond our own capacity for consump¬
tion. Such expansion will be rapid the next two years, and it is
This statement,
though showing
a very
decided
on
the desire of every one
to see this growing
industry
developed.
271
Besides, lower prices for cotton favor the export movement, giving
According to the foregoing, the average gross weight per
for several reasons, a better opportunity to compete in foreign bale this season was 485 88 lbs., against 48155 lbs. in 1880, or
markets. The question is, therefore, between, on the one hand, 4*33 lbs. more than last year, which indicates 15*48 per cent
over-production and great depression a few years hence, with a increase in the total weight of the crop. Had, therefore, only
trade confined to our home wants, and, on the other, a constant, as many pounds been put into each bale as during the previous
healthful development by securing other markets, and thus season, the crop would have aggregated 6,648,420 bales. The
widening the field for our spinners to supply. Perhaps we relation of the weights this year to previous years may be seen
shall have to wait for the distress, to force the needed reforms, from the following comparison.
Bat we may be sure that so long as we leave any means unim¬
Crop.
Average
Season of
proved for cheapening production, even though* it be but the
Weight
Number of Bales.
Weight, Pounds.
per Bale.
removal of a duty on a drug, we are putting ourselves at a dis¬
0,589,329
3,201,540,730
advantage ; and further, while we shut up our markets to the 1880-81
485*88
1870-80
.5,757,397
2,772,448.480
481*55
trade of other countries, we cannot expect theirs to be free to us. 1878-79
5,073,531
2,400,205.525
473*08
1877-78
4,811,265
2,309,908,907
480*10
Such, in a few words, is the record of our cotton manufac¬ 1870-77
4,485,423
2,100.405,080
468*28
1875-76
4,069,288
2,201,410,024
turing industry for the season. It has been a very satisfactory 1874-75
471*46
3,832,991
1,780,934,705
463*00
1873-74
year and the increase in consumption is no larger than the sur¬
4.170,388
1.950,742,297
469*00
roundings, as we have indicated, would warrant one in antici¬
The foregoing are gross weights.
pating. Below we give our usual statement of the takings of
The New Crop and its Marketing.
cotton North and South during the past season.
The comparative weights given in the last table furnish
Total crop of tlie United States, as above stated
bales. 6,589,329
a
Stock on band commencement of year
less perfect guide than usual with
regard to the extent of the
(Sept. 1, 1880)—
ns
crop, because of the unusual waste contained in this year’s
product.
What makes this especially true is the fact that the
At Providence, &c., Northern interior
markets
3,999
141,418 previous crop was so remarkably clean and of such excellent
Total supply during year ending Sept. 1, 1881
spinning quality, and hence the two extremes stand in close
6,730,747
Of this supply there has been—
comparison.
The past season, cotton in the Gulf States and
Exported to foreign ports during the
year
4,596,279
Mississippi Valley was matured and picked amid rains, from
Less foreign cotton included
7,204—4,589,075
September
on, scarcely before equaled, while the Atlantic
Sent to Canada direct from West
'
22,898
Burnt, North and South*
8,927
States also suffered in the same way,
only the rains there began
Stock on hand end of year (Sept. 1,1881)—
later. As a consequence the bales were
At Northern ports
94,911
packed wet and dirty,
At Southern ports
117,322— 212,233
while the staple has in general proved less
At Providence, &c., Northern interior
strong with more
markets
5,810-4,838,943 short fibres or fly waste than a year ago. If wre were to esti¬
mate the loss in spinning qualities for these reasons at 4
Total takings by spinners in the United States, year ending
per
September 1, 1881
1,891,804 cent, it would look
large
in
the
aggregate;
but
Taken by spinners in Southern States, included in above total
good judges
205,000
appear to think that it would lead us to a fair conclusion. Of
Total takings by Northern spinners
1,686,804 the
coming crop it is too early to give any opinion except as to
jf^p^Burut includes not only what has been thus destroyed at the the facts our
acreage report establi shed and our weekly and
Northern and Southern outports, but also all burnt on Northern rail¬
roads and in Northern factories. Every lire which has occurred, either
monthly weather records have since indicated. With regard to
in a mill or on a railroad in the North, during the past
year, we have
date of maturity, the summer weather has not
investigated; and where there was cotton lost, have sought, and in
materially
almost every case obtained, a full return of the loss.
changed the condition existing at the time of, and given in, our
These figures show that the total takings by
spinners have June review, except as the drought in Texas and vicinity has
reached the large aggregate of 1,891,804 bales,of which the South hastened the ripening of the plant there/ As
bearing on
this point and being useful for future
has taken 205,000 bales and the North 1,086,804 bales. Last
reference, we bring for¬
year
ward our data with regard to the
we estimated that spinners had consumed less cotton than
receipt of first bale and the
they had taken. This year, although the takings have been total receipts to September 1st of new cotton for several years.
large, it is more reasonable to suppose that they have drawn First we give the date of receipt of first bale.
on their reserves as much as
possible, since crop prospects
Date of Receipt of First Bale.
have been fairly favorable, while prices
during late months
1875.
1876. I 1877.
1878.
1879.
have ruled exceptionally high. The following statement will
j 1880. 1881.
I
Virginia—
show the actual takings and estimated
I
!
consumption for a series
Norfolk
Aug. 19 Aug. 16
At Northern ports
At Southern ports
77,310
60,109—
137,419
„
of years.
|l875-’76.jl876-’77.
Taken by-
Bales.
Northern mills
Southern mills.
No. Carolina—
Charlotte
r
1877-’76. 1878- ’79. 1879-’80. 1880 ’81.
Bales.
Bales.
Bales.
Bales.
Wilmington
Charleston
years
given.
....
Aug. 14 Aug. 13 Aug, 2) Aug. 5 Aug. 13 Aug. 12 Aug. 6
Georgia—
Augusta
Atlanta
Aug. 1 Aug. 17 Aug. 27 Aug. 8 Aug. 14 Aug. 12 Aug. 10
Aug. 14 Aug. 22 Aug. 28 Aug. 10 Aug. 22 Aug. 16 July 24
Savannah—
From Ga..
J illy 30
From Fla.... Aug.20
a very
bales had been consumed in the United
States in the crop year
1879-80. This differs only 10,000 bales from our own
total, and,
offering further evidence of the complete reliability of onr
methods, increases our confidence in the figures for the other
i
So. Carolina—
Total takings from crop.
1,356,5984,435,418 1,546,298 1,568,960 1,803,805 1,891,804
Estimated consumption
in United States
1,310,000 1.435,000 1,530,000 1,625.000 1,760,000 1,915,000
consumption of the United
States each year since 1875-76. In his careful
compilation for
the Census Bureau, Mr.
Atkinson, after estimating certain
items which
necessarily had to be estimated because no exact
data could be obtained, came to the
conclusion that 1,750,000
Aug. 12 Aug. 30 Aug.2l Aug. 16
Aug. 13 Aug. 28 Aug. 18 Aug.16
■
i
Bales.
1,211,59S 1,288,418 1,398,298 1,416,1)60 1,624,805 1,686,804
145,000 147,000
148,000
152,000
179,000
205,000
We think the last line in the
foregoing table furnishes
close approximation to the actual
i
...
..
Macon
Columbus
Aug. 2 Aug. 7 July 25 Aug. 1! July 18 July 24
Aug. 2 Aug. 7 Aug. 3 Aug. 9 July 22
„
July 28 Aug. 2 Aug. 3 Aug. 2 Aug. 9 Aug. 4 July 23
Aug. 10 Aug. 9 Aug. 11 Aug. 3 Aug. 14 Aug. 2 Aug. 5
Alabama—
Montgomery.. Aug. 4 Aug. 12 Aug. 10 Aug. 2 Aug. 9 Aug. 2 July 30
Aug. 5 Aug, 13 Aug. 11 Aug. 3 Aug. 4 Aug. 10 Aug. 3
Mobile
Selma
Aug. 12
Au*r. 14 .Tulv30
0
Louisiana—
New Orleans—
From Texas.
July 13 July 10 July 10 Junc30 July 7 Aug. 8 July 30
Miss.Yal. July 13 Aug. 41 Aug. 10 July 31 July 31; Aug. 8 July 31
Shreveport
Aug. 7 Aug. 6 Aug. 9 Aug. 8 Aug. 7 Aug. 13 Aug. 3
“
..
.
Mississippi—
"
Weight of Bales.
The gross
weight of bales and of the crop this year we have
made up as follows. We
give last year’s statement for com¬
parison.
Vicksburg
Aug. 14 Aug. 14 Aug. 9 Aug. 18 Aug. 14 Aug. 2
Aug. 28 Aug. 17 Aug. 24 Aug.20 Aug. 27 Aug. 21 Aug. 12
Columbus"
Arkansas—
Little Iiock
Aug. 14
*
Tennessee—
Tear
Crop of
Ending September 1, 1881.
Number
of bales.
Texas
Louisiana
!j
Alabama..
Georgia
ho.
Carolina....
.
virgina
713,505
'
1,605.686
392,319
889,942
670,605
934.091
No.
Carolina....
155,255
■Tennessee, &c. 1,227,926
Total
cron..
6,589,329
Weight in
pounds.
363,537,932
777,457,104
Nashville
Year
Ending September 1, 1880.
Aver'ge Number
weight. of bales.
Weight in
50951
484-19
504-83
248,011,617
494,885
1,504,651
pounds.
604,139,592
469-68
49200
106,245
1,295,631
716,215,304
183,035,723
353,659,725
230,372,226
356,253,300
50,041,395
634,859,190
3,201,546,730
485-88
5,757,397
2,772.448.480
19-<,054,400
Aon
i no i«o
a un-no
315,506,240
470-48
358,971
494,361
4
72.920.168
O l
Aver'ge
weight.
Texas—
Galveston—
490-00
481*55
i
1
Fr’inBr’wnsv. July 16 July 7 July 13 *Jne 30
July 12
First other
.Tulv 17 July 9 Aug. 1 July 17 July
July 12 July 11
Tin
C DeWitt DeWitt’ Galv. Lavaca DeWitt DeWitt DeWitt
Where irom <
501*15
476-00
509-89
477-00
466-00
468-00
471.00
Sept. 3 Aug. 30 Sept. 4 Aug. 18 Aug. 14 Aug. 19 Aug. &
Aug. 23 Aug. 23 Sept. 1 Aug. 12
Aug. 19 Aug. 6
Memphis
2!
...
........
p
Countyj county; County County Couuty County Couuty
*■
Passed through New Orleans at this date.
These data show that this crop must be classed among
early
ones.
But in
some
respects
a
the
better indication is the
CHRONICLE.
THE
272
This
year’s crop
Stock Sept. 1, 1S80
cotton to September 1, though, on account of
the corner in futures the last two years, most persistent efforts
have been made to push cotton forward as fast as picked.
arrivals of
new
ARRIVALS OF NEW
1877. ‘
Augusta, Ga
G:l
Savannah, Ga.
Macon, Ga
Columbus, Ga
Montgomery, Ala—
Mobile, Ala
New Orleans, La....
32
253
7
396
506
51
247
212
342
(>
6,218
Total all ports to
Estimated;
no
'
4,765
1,280
56
723
795
530
1,113
187
304
46
*200
185
734
277
18
None.
10
3
1
48
58
4 1 9
OQO
2,500
10,108
1,225
the crops
3,165
808 1,878
1,798 1 4,279
945
231
682
125
Sea Island Crop
Flori¬
Gcor-
da.
jia.
18,410
1880-81
1879 80
13:8-79
1-77-78
1876-77
1875-76
1874-75
13.31*
13,776
14,739
11,214
*,950
Foreign Exports.
for haste has existed
Tex¬
South
Caro¬
lina.
14.845
1.213
4 756
9,900
7,133
6.448
4,911
*.*25
8
2
30
29
77
"201
920
7,400
8.759
13,156 1,100
899
8,755
704
7,218
1,110
1,408
1,269
10,764
5,024 1,567
8,753 4’9.54
9,948 9,225
6,703 6.371
10,402 6,290
11,212 10,015
2,428 10,957
Great ContiBrit'n. mnt.
Total.
as.
3.179
3,420
2,052
3,608
1,669
8,313
1873-7-1
1872-73
1871-72
1*70-71
1869-70
1868-69
1867-68
1866-67
1865-66......
30,442
26,704
22,963
24.*25
17,*23
14,990
17,027
19.912
20,289
10,845
21,609
20,507
7.334
5,008
18,082
2L275
32,228
19,015
4,577
11,001
5,630
Total
exports
4,130
3,294
2,212
3,701
1,369
1,345
20,259
13,729
10,456
12,594
11,805
11,591
13,139
10,980.
22,847
1,907
1,887
14 991
19,844
22.776
15 3SS
622
593
61
1.940
1,851
152
392
145
19,707
30,314
18,0*0
American Coius'mptC Stock3Au1gs.t
24.395 11.2701,000
17,023 9,3*9 319
27
12.698 10,366
127
10,295 9,451
13,234 4,008 1,048
12,936 1,915 527
15,046 2,192 382
18,873 2,113 593
23,409 1,523 1.667
15,584 1 526 370
19,905 1,672 635
24,716 1.399 603
17,239 1,388 211
150
19,859 1,670
30,706 1,597 410
485
1,100
18,231
.
Total.,.. 163,379 68,293 127,497 3,973 363.142 274,572 25,637 300,209 02,039
11ST* * The column of “ American
and Consumption.
in the United States.
again to acknowledge our indebtedness to the kind¬
of the various receivers and shippers of Sea Island cotton,
We have
ness
the war.
Season.
56
880
is
estimated, however, that the actual receipts were much larger, as in
many case3 the roads did not distinguish between old and new cotton.
The early movement of 1878 was greatly delayed, in the
Mississippi Valley by the yellow fever epidemic. In 1879 the
same cause impeded the movement at some points.
This year
and last year, as said, a special inducement
In the cornered condition of the market.
bales. 11,270
and movement of Sea Islands since
Crop.
cotton by the railroads; it
t This is the amount returned as new
36,761
The following useful table shows
than in the previous year.
738
2,467 21,402 13,33G 33,571 45,646
returns received.
bales.
that our spinnets have taken of
11,270 bales, or 1,881 bales more
Sea Island cotton this year
450
80
36,442
3i9
We thus reach the conclusion
1,592
40
bales.
24,395 -■
1,096—25,491
Leaving for consumption in United States
50
8,691 10,527 10,517 17,098
1,051
8,981
8,163
September 1...
50
72
15:’.
216
111
429
40
33
1
48
n
1,589
3
227
113
898
86
1,408
117
1,500
66
Shreveport, La
Vicksburg, Miss
Nashville, Tenn
Memphis, Tenn
Galveston, Texas....
*
1
29
140 2,550
103
1,800
1‘2
350
521 12,438
135
1,217
76
425
604 1,163
7
Charlotte, N. C
Charleston, S. C
.bales.
Stock end of year.
1831.
-3
-
follows:
as
Exported to foreigu ports
1630.
1879.
1878.
Total year’s supply
Distributed
1.
COTTON TO SEPTEMBER
1876.
1875.
A tliiitfn
| Vol. XXXIII*
=^:'
•
•
•
•
Consumption” in this table includes burnt
i
Movement of Colton at the Interior Ports.
Below we give the total receipts and shipments of cotton at
through whose assistance we are able to continue our annual
the interior ports and the stock on the first of September of
report of that staple. As our readers are aware, no record is
each year.
kept of the export movements of Sea Island except for the
Year ending Sept. 1 1881. Year ending Sent. 1, 1880.
ports of Charleston and Savannah. For the.Northern ports,
Custom House manifests furnish no guide. We have found it
Stock
Receipts. Sh ipm'ts. Slock. Receipts. Sh ipm 'ts.
impossible, therefore, to perfect these figures except by special
160,493 2,039
162,108
211.115
211,039 2,115
Ga..
correspondence in every case with the consignee or the shipper, Auausta,
797
85,-100 2,066
87,171
113,700
112,43 L
Columbus, Ga..
927
51,004
51,687
63,685 1,387
04,145
and in this way following every bale of Sea Island, after it Macon, Ga.
123,645 1,320
124,384
115,345 1,384
115,409
M’tgomery.Ala.
G28
111,789
660
111,992
93.708
93,070
appeared at a Southern oufport, until it either had actually Selma, Ala
6,384
403,811
409,809
8,184
468,467
470,267
been exported or taken for consumption. We should also state Memphis, Tenn.
755
81,856
81,338
87,583 2,904
89,737
Nashville,Tenn.
that for the shipments of cotton direct from Florida to ports
Total ^old ports 1,156,812 1,153,500 17,431 1,028,489 1,018,058 14,119
other than Charleston and Savannah, we have in the case of
75
867
49,083
48,932
46,103
46,895
each consignment, at the time of its receipt, procured from the Dallas, Texas
124
100
70,058
70,123
38,024
33,000
Jefferson, Texas
646
95,000
05,436
receivers the exact number of bales of Sea Island received. Shreveport, La.
81,950 1,660
82,964
157
721
53,019
53,143
45,765
46,329
Vicksburg,Miss.
Hence the following results thus obtained are as accurate as
83
381
31,176
31,229
27,762
28,060
Columbus, Miss.
1
....
..
we can
make them.
1880-81.
.
Receipts at Savan’h.bales.
Receipts at Charleston
Receipts at New York, etc.
Shipments
Liverpool
to
1379-80.
,
8,157
2,630
2,101
725
430
Gridin, Ga
Atlanta, Ga....
.
407—12,341
—
3,420
2,870—20,018
133,835
110,548
52,368
1,109
105,779
1,693
682
’Too
401,948
8,225
3,510
485,992
314,219
86,043
42,238
479,686
314,905
323,033
329
7,467
1,172
2,511,063'2,503,826
34,900 2,432,196 2,412,441 27,663
shipments in this statement include amounts taken from
ports for home consumption and amounts burnt.
Exports.
In the first table
given in this report will be found the
foreign
exports the past year from each port to Great Britain, France
and other ports, stated separately, as well as the totals to all
5,120
the ports. In the following we give the total foreign exports
9,966 for six years for comparison.
Deduct:
Tot. Sea Isl’nd crop
133,251
13,415
l,i71—15.0S6
17,148
5,173
Receipts from Florida
921
195
52,139
402,706
325,371
8,157
.3,179
South Carolina.
Receipts at Charleston
Receipts at Beaufort
27,071
these interior
8,157
11,934
of Ga.
40,325
27,259
107,223
86,721
42,321
Charlotte, N. C.
St. Louis, Mo...
The
Deduct:
Tot. Sea Island crop
41,109
187
109,866
Total, all
11,533
44—11,577
Receipts at Savannah ....15,439
31—15,520
Receipts at Brunswick, <fec
Receipts from Charleston.
609
35,601
1,394,383 13,544
Total, new ports 1,354,251 1,350,326 17,469 1,403,707
Georgia.
Receipts from Florida
53,389
Rome, Ga
Cincinnati, O...
13,318
18,410
of Fla.
Tot. Sea Island crop
.
11,934
2.649
3,102
direct
from Florida
53,077
35,593
Eufaula, Ala...
Florida.
14,845
of S.C.
Texas.
8
Receipts at Galveston
Tot. S. Island crop
8
of Tex.
Total Sea Island crop
the United States
of
Year
Slock,
Sep. 1,
It 80.
So. Carolina.
Georgia
260
59
Florida
....
Texas
....
New York...
26,704
has been as follows.
ending
Of which
Exported to—
How
Distributed.
Crop.
15,105
3,238
3,179
18,410 13,410
8
8
718
378
....
....
....
....
14,387
2,860
8,528
18,410
725
5
8
4,858
Baltimore...
Fliiladel.,<fce.
Total....
....
....
319
30,442 36,761 1,096
total
supply and distribution.
218,703
281,713
370,218
337,480
298.540
258,235
1,362
36,374
For'gn
Texas..
Florida
No. Car..
236,449
Virginia
New York
Boston...
108,693
494,374
58,078
Pliiladel
Baltim’re
40,007
29,114
121,169
434,158
75,310
30,844
32,316
393
415
2,274 10,802
703
5,561
725
.
..
.
5
P’tlnd.Me
4,409
Sau Fran.
2,581
2,581
312
312
Tot. from
U. States
35,665 20.259 4,136 24,395
foregoing we see that the total growth of Sea
is 26,442 bales ; and with the stock at the
beginning of the year (319 bales', we have the following as the
From the
Island this year
3,683
Georgia..
3,250 1,159
Boston
1,363,005! 1,204,591
24
27,267
1878.
1877.
Total
Ex¬
Stock, Lcav'g Great
for IHs- Brit'n.- Havre ports.
Sep.
i;
Supply 1831. trib't'n.
14.845
1876.
N. Orl’ns.
Mobile...
So. Car...
Total
Xct
YEARS.
j Expends (bales) to Foreign Ports for Year Ending A ug.
36,442
Sept. 1, 1881.
Tor Is of—
COTTON TO FOREIGN PORTS FOR SIX
From—
The distribution of the crop
Supply
TOTAL EXPORTS OF
- -
1879.
1880.
31.
1881.
1,453,096 1,243,746 1,445,941 1,635,615
116,263
123,214
111,687
16 4,093
479,748
344,774
379,260
305,874
507,943
424,092
461,904
354,086
488,758
301,874
353,817
225,174
725
596
5,277
17,035
69,810
35,/S3
68,011
56,677
257.065
328,818
203,536
159,357
600,351
650,820
370,847
401,959
,
127,874
25,144
58,367
9,176
486
124,470
20,389
95,203
*
133,102
41,593
122,073
134,628
215
1,567
74,142
157,911
*
i27
3,252,994 3,049,197 3,346.640 3,467,565 3,865,621 4,596,2/9
we give a detailed statement of the year’s exports from
port, showing the direction which these shipments have
taken. Similar statements will be found in all our previous
crop reviews, and a comparison as to the extent of the
movement to each port can therefore be made with back years.
Below
each
total
THE CHRONICLE.
10, 1881.]
September
'*
■
Galves¬
New
To-
Orleans. Mobile.
LiverDOol
Hull, Ac. .
Cork, Mil-
030,414
Havre...-Ronon
&
Marseii s
Bremen...
327,002
5, lOt
24,774
4,000
.6,475
53,020
1,003
04,0.0
Antwerp.
Ghei t....
!
70.020
Reval....
Cri-nstadt
1,081
22,275
1,500
38 580
Sebastop 1
Gefle
Got ten b g
Norrkop g
!
1.600
42,220
11,086
4,204
31,118
l’,781
450,019
1.8i2
34,364
1,753
500
1,209
3.000
I
35.574
543,563
7.219
1,812
! 20,232
!
5oo
1.020
31,808
0.505
1,943
44,018
2843,957
20,636
1,09
50,405
16,704
‘
18.112
o
...
23,830
11,372! .4,058
18,450
7,002
1,145
1.800
5,000
3.100
37.546
3.000
2,000
10,662
1,145
1,150
2,110
130,843
2,850
1,150
Malrnoc...
18,487
1,450
Gibraltar.
Malaga....
L0.002
Barcelona
2,110
0,350
01,370
33,370
11,254
1,400
'
*
385
Corunna..
'
320
‘
1,200
50,000
Genoa.....
Salerno...
6,073
.1,402
1,000
4,008
Naples....
Trieste...
Vera Cruz
20,748
Tampico..
Progresso
20
7,100
2,450
185
600
74,131
1,099
2.099
15,358
185
1,402
1,140
8,977
‘
5,838
’
573
30,298
10
10'
20
a
pitre
Other for¬
eign p’rts
2
350
:
359
1635,615 116,263:488.758 470,748 507,943 600,351 157,911 609,60014506,279
Total..
♦
Exports from Charleston include from Port Royal to Liverpool 27,840
bales; to Hull, 10 bales, and to Bremen, 9,639 bales.
+ lnciuied in exports from Savannah to Barcelona are 148 bales from Bruns¬
wick to Spain.
t “Other Ports” include the following shipments :
From Wilmington, 48,887 bales to Liverpool, 8.251 to Cork,
1,444 to Havre,
7,210 to Bremen, 1,753 to Hamburg, 1,209 to Amsterdam and 1,047 to
Belgium.
From Norfolk, 312,311 bales to Liverpool, 3.735 to
Cork, 2,850 to Havre,
1,8l2to Bremerhaven, 4.235 to Reval and 3,875 to Riga.
From Boston, 133,721 bales to Liverpool, 548 to London anil 359 to
other
foreign ports.
From Philadelphia, 74,092 bales to Liverpool and 59 to
From San Francisco, 1,567 bales to Liverpool.
From Florida, 725 bales to Liverpool.
Antwerp.
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
Oil—
LONDON—Aug. 27.
Time.
Amsterdam
Amsterdam
Short.
.
3
.
12 5
Aft
2555
ftft
20-74
Berlin
ftft
Frankfort.
ftft
Copenhagen.
St.Peters’bg.
n
20-74
20*74
18-45
ftft
Short.
25-27^325*35
3
2555
mos.
@25-60
25-85
....
Bombay....
Calcutta....
days
ftft
Is.
18.
Hong Kong,
Shanghai....
....
-
| From
-
-
-
•
our own
•
some
The
following
117-60
mos.
25-30
Short.
Per cent.
3
3
or
14 days’ notice of withdrawal
mos.
following are the rates formerly current at the princi¬
pal foreign centres:
Bank
Open
Bank
rate.
market.
rate.
Pr. cl.
4
4
3
Pr. ct.
334
334
2Lj
419
Pr. ct.
Other
Spanish
cities
St. Petersburg...
ft (
and
a
with the three
Geneva
Genoa
4
5
5*4
4
Ms
4
4
3 c3
3 ^2 @4
5
statement
previous
Circulation, excluding
973s
bank post bills
Public deposits
8316d.
Governm’t securities.
Other securities
Res* ve of uotes & coin.
Coin and. bullion in
both departments..
Bank rate
correspondent.]
financial
'
4
6
showing the present position of the
England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second
quality, and the Bankers’ Clearing House return, compared
Is. 8*4cl.
3s. 834d.
58. 1 Ljd.
ftft
5
5
Open
market
Pr. ct.
Bank of
4 79
Is.
3J4
The
years.
18S1.
mos.
@5Lj
the rates of interest allowed by the jointdeposits:
are
Joint-stock banks
Discount houses at call
do
with 7
Annexed is
20-50
mos.
@4*8
334 i
Calcutta
I
considerable
3 months’ bills
4
London, Saturday, Aug. 27, 18S1.
Events -of
6 months’ bank bills
4
4&ti months’ trade bills. 4
5
j
-
3^
4
ftft
•••••»
Open-market rates—
30 and GO days’ bills
Vienna
Madrid
3
4
71316d.
71316d.
4 months’bank bills
Copenhagen
Au*
30
4
4Lj
2S-31
Percent.
37b@4
Bank rate
Hamburg
Aug. 27 Short.
:
Open market rates—
5
3
1
the present quotations
•.Percent.
4
@25*90
Alexandria..
are
Frankfort
523j6@52li6
....
following
Amsterdam
473s @47!$
....
The
ance.
12*15
U*92^@ll-97i2 Aug. 27 3
....
purposes. There is still a belief that the value of money will
further improve, and the market closes with a strong appear¬
Aug. 27 Short.
25*35
20 50
20-50
indi¬
has not been much activity in the demand for commercial
Berlin
!!.*.’
Vug. 27
Aug. 27 8hort.
Vug. 27
a
Vug. 27
an
bring about a crisis, as each market would be
seriously affected by any injudicious movement. The direc¬
tors of the Bank of England are not
acting precipitously, but
wisely, and although they may be unable to prevent a further
advance in the rates of discount, yet they may, with their
customary discretion, promote confidence by doing the right
thing at the proper time.
The money market has been firm during the week, but there
Pate.
«ft
@20-76
@16-48
2514 @2o18
interwoven that it is not to the interest of
Brussels
a)
Hamburg
...
12*5 ^
3-25 GO
320-76
2 20-76
crop, though disappointing in some respects, will yield a large
profit, as prices have risen considerably, and the average, not¬
withstanding that a reduction is probable from current rates,
when the supplies recently purchased begin to arrive, will
exceed that of the season just concluded. All the
gold sent
away from Europe to New York is likely to remain in the
United States, and the probable extent of the American demand
therefore offers some cause for caution and anxiety. The finan¬
cial arrangements of the large monetary centres of the world
Time.
Date.
12,212 S12-3L2
mos.
Antwerp....
Paris
Paris
Vienna
Cadiz
Genoa
Lisbon
New York...
Latest
several years of unusual prosperity, which there is every reason
to believe will continue for some time to come.
Her wheat
Paris
EXCHANGE ON LONDON.
Pate.
but America has greater resources, has enjoyed
stock banks and discount houses for
|Htnictartjg©ummet*etal giigltsh Uteius
EXCHANGE AT
coined;
vidual market to
320
507
1,250
after
was
are now so
385
10,002
507
Lisbon....
Pasages ..
Oporto....
4.1-)
203/573
30,677
4,755
4,235
2,000
Santander
-
126,793'571,851
in the money market since Germany decided
upon a gold
standard ; but the drain of gold to America is a
phase of the
movement which is calculated to exercise more durable results.
It was with difficulty that Germany retained her
gold
it
anee
Total.
3,8<o
Carlesh’m
i nt
*
Other
Ports.
I
3,480
3,880
1.300
14.000
fors
o
8,020
1.100
1,035
11.307
880
Riga ...
IIel sing-
I
1,344'
3.930
2,843
0.124
8,304
Rot’rdam
more.
20,621$
!
05.402 115,283
1,003
Hamburg
Stettin...
Amst'd'm
Balti-
4,840'
I 2,201
50,340 37/00 37,150
2,500
8,612
124,008
Brem’rh n
New
York.
78,961 317,936 195,690 200,015 413,20!
10
m’tli. &c.
P
It
1
Cliar- Savan-
lesion.j null. |
ton.
273
commercial
•
importance have transpired during the past week. The weather
has been about as
unpropitious as it could possibly be for
harvesting the crops, and the price of wheat has been rising
quite rapidly. Large purchases have been made abroad, and
the gold market has been so much affected
by these and other
causes that the directors of the Bank of
England have found it
necessary to advance their minimum rate of .discount to 4 per
cent. The Banks of France, Prussia and of
Belgium have also
advanced their rates, and the effect of these
changes is now
awaited with some interest, if not
anxiety. The advance which
has been made, and the
possibility of a further upward move¬
ment have
already had seme influence, as trade has become
£
1880.
1879.
£
£
26,577,005 26,830,295
5,305,869
6,970,049
25,461,236 24,875,930
14,663,619 16,358,886
21,339,123 13,838,111
12,925,047 16,857,262
23,752,052 28.687,552
2 *2 p. c.
4 p. e.
Proportion of reserve
to liabilities
Consols
Eng. wheat,
price.
Mid. Upland cotton...
av.
No. 40 Mule twist
Clear’g-house return.
£
28,542,845
4,876,922
31,080,385
15,930,037
16,932,400
21,305,510
27,069,015
3,441,090
20,624,222
14,867,178
17,483,083
9,929,458
34,848.355
21,998,473
2 p. c.
5 p. 0.
-
41-66
100
4Ss. lOd.
1873.
9734
975s
943*d.
43s. 9d.
49s. 3d.
45s. 2d.
6l5i«d.
73i6d.
11 i^d.
10'ad.
95,591.000 79.411,000
634(1.
6:qfid.
9 iad.
lOd.
74,061,000
Tenders for
63.415.000
Treasury bills to the amount of £1,455,000 will
England on September 2. March
and June bills to a similar amount fall due on September 7.
The Bank of England have given notice that they are not
prepared to sell further amounts of bar gold. It is stated that
the quantity in the bank vaults is reduced to some £250,000,
and that exporters can only be supplied with sovereigns, imper¬
ials or Napoleons. The bar gold remaining Is required for
coinage purposes. The total supply of gold held by the bank is
quieter, and the public company mania has received a
very still £23,752,052, and the total reserve amounts to £12,925,047.
decided check. There is
naturally, with so much uncertainty The proportion of reserve to liabilities is 415/s per cent, against
prevailing in regard to the gold market, a stronger desire 52^2 per cent last year.
shown to trade with caution, and it must be borne in
mind that,
The arrivals of silver have been very limited, and as the
although it has always been maintained that a 4 per cent rate quotations for India exchange have improved, while there i3
of discount
indicated a healthy state of
things, the recent also some Continental inquiry, the price of fine bars is now 51/4d.
advance in the value of
money, with the prospect of a higher per ounce. Mexican dollars have been firm at 50%d. to old. per
quotation, has not been due to commercial activity or success. ounce. The
following prices of bullion are from Messrs. Pixley
Financial operations chiefly have been the cause of the disturb- & Abell’s circular:
be received at the Bank of
THE CHRONICLE
274
8.
GOLD.
Bar
Bar
gold, line
per oz.
gold, containing 20 dwts. silver, per oz.
Spanish, doubloons
South American doubloons
United States gold coin
German gold coin
peroz.
73 10 -a>
73
9
per oz., none here
peroz
5 grs.gold
peroz.
per oz.
d.
51% /3>
Chilian dollars
56
507b
per oz
Discount, 3 per cent.
1879-80.
1878-79.
1877-78
2,393,500
37,586,584
12,090,636
2,722,069
31,031,235
10,192,915
1,753,284
38,835,114
9,018,531
2,873,624
39,014,388
®
©
'a>
—
—
—
51
—
7,920,694
EXPORTS.
Wheat
standard. 52%
1880-81.
......
d.
per oz.
Quicksilver, £6 5s. 0<1.
-S>
Beans
Indian com
Flour
'a)
standard, nearest.
The stock markets have been dull
d.
standard. 77 10 ®
per oz.
per oz.
S.
standard. 77 1l*2@
SILVER.
Bar silver,fine
Bar silver,contaiu’g
Cake silver
Mexican dollars
d.
[Voi* XXXIli.
'. 1880-81.
ewt. 1,233,166
1879-80.
1878-79.
1877-78.
1,393,565
1,594,632
1,610,646
56,293
30,477
108,921
64,001
Barley
throughout the week, and
EnslisU
market
111,174
29,116
22,483
619,239
177,795
96.122
-104,360
85,179
746,786
207,691
605,585
111,219
46,801
232,762
157,505
Oats
Peas
Beans
Indian corn
Flour
15,104
20,612
20,588
245,015
93,392
Iteports—Per Cable.
quotations have generally declined. The state of the
The daily closing quotations for securities, &c., at London,
money market has naturally had considerable influence, and and for breadstuffs and provisions at Liverpool, are reported
the value of American securities has been to some extent
by cable as follows for the week ending Sept. 9:
affected by the critical condition of President Garfield. The
markets must, however, continue to be chiefly affected by the
Thurs.
Fri.
Wed.
Tacs.
Mon.
Sat.
London.
the
gold movements.
already remarked, has
been very unsettled, and a large quantity of wheat is standing
in the fields awaiting a favorable opportunity for carting and
stacking it. Daring the last two days the weather has been
rather more settled, and drying winds have prevailed, which
The weather during the past
week,
as
have been of much benefit to the wheat in shock;
but there are
produce thus exposed has sprouted, and that its
The straw also is a
less marketable commodity, and the farmers are depressed by
the present position of affairs. Wheat secured in good condi¬
tion is fetching a good price, however, but large importations
are expected to take place in October, and there is no disposi¬
tion shown to operate for higher figures.
A great deal neces¬
sarily depends upon the weather; but we have had worse
seasons than the present, and yet wheat has not reached a
high point. A considerable proportion of the crop may yet be
secured in fair condition, and perhaps those who market their
produce early will secure the most beneficial results. I may
say, too, that though the rains have been adverse to the crops
of cereals, they have been of vast benefit to roots and grass,
and the conclusion may be arrived at that if the wheat and
barley crops have been damaged, we shall have an adequate
supply of cattle food during the winter months. This is of
great importance to us, and it is also probable that when the
wheat trade has settled down to a normal condition, the price
of bread will not be so high as to interfere with the general
well-being of the community.
During the week ended August 20 the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 12,934 quarters, against 11,844 quarters last season
and 18,862 quarters in 1878-9 ; and it is computed that in the
whole kingdom they were 51,750 quarters, against 47,400
quarters and 75,500 quarters. During the last 52 weeks, which
may be considered to embrace the agricultural season, the sales
in the 150 principal markets have been 1,626,927 quarters,
against 1,401,968 quarters in 1879-80 and 2,491,130 quarters
in 187S-9 ; the estimate for the whole kingdom being 6,508,000
quarters, against 5,64S,000 quarters and 9,968,520 quarters in
the two previous seasons respectively. Without reckoning the
Supplies of produce furnished ex-granary at the commencement
of the season, it is estimated that the following quantities of
wheat and flour have been placed upon the British markets in
each of the last four seasons. An estimate of the visible supply,
feartf that the
Silver, per oz
d. 51 %
Consols for money
98»i«
Consols for account.
981316
Fr’cli rentes (in Paris) fr. 85-05
U. S. 5sext’n’d into3%s ioiq
116*4
U. S. 4 %s of 1891
119%
U. S. 4s of 1907
43»4
Erie, common stock
132*4
Illinois Central
66*8
Pennsylvania
Philadelphia & Reading. 30 34
147
Naw York Central
5134
51 58
98i316
98*51(.
99*1(5
....
116*4
119*2
44*2
44*8
133
133
66*8
66*8
31
30%
147**2
99L«
8572*2
104*4
116*4
11934
44%
133*2
66*2
30 34
148 %
85*45
104*4
85*35
104*4
116*4
11934
51%
99l>! 6
148*4
51%
51%
99»16
99316
99o16
99°j(5
85*7o
104*4
116*4
104*4
1 L6*4
11934
44*2
119**4
66*4
66*4
31*4
44%
31
148
147%
intrinsic value lias been much reduced.
Imports of wheat.ewt.56,954.251
Imports of flour
12,090,636
Sales of home-grown
......28,200,000
produce
Total
Deduct
97,245,887
exports
1,390,671
95,855,216
Av’^l, price of English
wheat for season (qr.)
43s. 8d.
Visible supply of wheat
in the U. 8.... bush. 17,500,000
1877-8.
50,944,568 54,023,057
9,048,531
7,920,694
24,474,600 43,197,000
35,005,000
93,610,912 103,190,099
96,948,751
1,772,427
1,704,068
92,014,656 101,417,672
95,244,683
41s. 60.
49s. lid.
or
wheat and flour....
*:<Mdt
58,943,397
10,192,915
1S78-9..
1,596,256
46s. Od.
0
2
8
1
11
Cheese. Am. choice, new \oW
0
0
0
0
6
0
Mon.
8.
d.
14 9
11
0
10 7
11
0
10 10
d.
s.
10
11
10
6
0
2
3
1
11
0
72
46
0
6
92
59
60
0
6
0
15
11
Tues.
5 11
72
46
91
60
60
0
6
0
0.
0
Wed.
s.
14
11
10
11
10
5
73
46
90
60
61
d.
9
0
7
0
10
10*2
0
6
Th urs.
.
d.
s.
14 9
11 0
10 G
10 11
10 8
^
73
rs
5=11*2
O
73
47
90
60
62
0
0
Fri.
•
0
0
0
0
0
0
Commercial aurtllXiscellauco’as Items.
National Banks.—The
ized
following national bank was organ¬
Sept. 2, 1881:
2,559—Tlie Third National Bank of Chattanooga. Tenn. Authorized
capital, $125,000; paid-in capital, $62,500. William Morrow,
President ; W. E. Baskette, Cashier.
2,560.—The Farmers’ National Bank of Cyuthiana, K’y. Authorized
capital, $100,000; paid-in capital, $100,010. J. W. Peck,
President; Luther Van Hook, Cashier.
The
following changes have been made in
the officers o f
national banks:
First National Bank of
Plattsmouth, Neb.—J. M. Patterson,
place of C. G. Dovey, deceased.
People’s National Bank of Waterville,
in place of John Webber.
Cashier, in
Mo.—N. G. H. Pulsifer, President,
Week.—The imports of last
week, compared with those of the preceding week, show an
increase in dry goods and a decrease in general merchandise.
The total imports were $8,550,660, against $8,443,527 the pre¬
ceding week and $8,723,797 two weeks previous. The exports
for the week ended Sept. 6 amounted to $8,442,812, against
$6,733,690 last week and $9,238,094 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Sept. 1 and for the week ending (for general
merchandise) Sept. 2 ; also totals since January 1:
Imports and Exports for the
FOREIGN IMPORTS AT NEW YORK.
For Week.
.
1879-80.
d.
s•
State.. 100 lb. 15
11
Wheat, No. 1, wh.
“
10
Spring, No. 2...
“
11
Winter, West., n
“
10
Cal. white
“
6
Corn, mix., West.
“
Pork, West. mess..$ bbl. 72
Bacon, long clear, ewt.. 46
Beef, pr. mess, new,$te. 92
Lard, prime West. $ ewt. 58
Flour (ex.
of wheat in the United States to latest date is also given :
1880-1.
Sat.
Liverpool.
Dry Goods
Gen’l mer’dise..
Total
Since Jan. 1.
i
ry
Goods
( en’l
In
of
onr
1879.
1881.
1880.
$2,000,241
3,035,246
$2,560,571
5,033,246
5,123,854
$2,813,779
5,736,881
$5,085,487
$7,593,317
$8,143,151
$8,550,660
$54,599,736
$63,551,762
$92,069,971
$2,719,297
$76,892,535
253,101,906
216,222,583
$198,001,230 $217,503,367 $345,171,877
$293,115,118
report of the dry goods trade will be found
the imports
mer’dise..
Total
1878.
143,401,494
153,951,605
dry goods for one week later.
The following is a statement of the exports
(exclusive of
specie) from the port of New York to foreign ports for the
The following return shows the extent of the imports and week ending Sept. 6, and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
exports of cereal produce into and from the United Kingdom
1831.
during the fifty-two weeks of the season, compared with
1830.
1879.
1878.
the corresponding period in the three previous seasons, and may
$8,442,812
$8,061,108
$6,217,157
Foi ihe week...
$3,087,836
be accepted as a very approximate estimate of the movement Prev. reported.. 230,918,918 221,061,748 272,810,992 259,600,725
during the agricultural year :
Total s’ce Jan. 1 $239,036,754 $207,278,905 $280,872,100 $263,043,537
14,200,000
15,966,899
9,749,493
IMPORTS.
1880-81.
Wheat
...cwt.56,954,251
Barley
10,525,472
Oats
10,889,930
Peas
2,301,920
The
of specie
at the
and since
following table shows the exports and imports
port of New York for the week ending Sept. 3
12,203.167 10,095,466 14,132,213
14,998,641 12,000,931 12,427,933
January
1, 1881:
2,002,641
1,618,054
1,925,746
1879-80.
1878-79.
1377-78.
58,943.397
50,944,568
54,023,057
THE
10, 1881. j
September
EXPORTS AND IMPORTS OF SPECIE
Week.
Great Britain
$
Week.
HYoviro
11,850
100,430
T<*tal 1881...#:....
Total 1880
Total 1879
Since Jan. 1
$14,850
$4,800,000, of which $1,500,000 is first preferred,
$2,500,000 second preferred and $800,000 common. The new
purchasers take $600,000 of the common, and the other $2,400,000 is made lip from the other two stock issues.
The Virginia
Midland bonded debt is $7,635,000, in six series of
bonds,
making
with the stock a total of $12,435,000 as the value of the
prop¬
erty. The railway consists of the following divisions, owned
$375,346 $5,475,233 $35,544,189
4,400
1,200
2,128,902
1,947,038
3,585,278
3,831,059
14,365,243
anct leased
10.696,665
$106,000
$7,095,645
,
Germany
West Indies
Mexico
<7
;
.
.
96,592
638,793
24*337
18,157
8,356
984,919
125,998
26,579
78,500
.
20,065
.
Lynchburg to Danville
60,3*9
22,780
$106,000
$193,636
29,650
120,609
10,204
South America
All other countries
Total 1881
Total 1880
Total 1879
*
Manassas to Strasburg
Strasburg to Harrisonburg..
Front Royal Branch
Warrenton Branch
Narrow Gauge
19,257
$7,303,225
$123,105
3,489,185
$2,043,057
29,860
10,235,282
6,851
3,072,873
5,889,556
Narrow
Ohio &
Mississippi.—The following report of the receipts
RECEIPTS.
$29,147
act
7,073
66,208
720
$526,870
Vouchers subsequent to Nov. 17, 1S7G
$312,315
-
126,756
Arrearage
Cash
on
hand
1,195
Sept. 1, 1SS1
86,603
Total
$526,870
—A press dispatch from Cincinnati,
September 8, says: “A petiition has been filed in the Circuit Court of the Southern
District
of Ohio by Thomas Pearsall, of George S. Scott & Co., New
York,
and Henry G. Chapman of Ward, Campbell & Co., New
York,
through Samuel F. Hunt and Bellamy Storer, tlieir counsel,
praying for the appointment of a Receiver of the Ohio & Missis¬
sippi Railroad, in place of John King, Jr., resigned. Mr. Pearsall
sues in his own behalf and on behalf of
co-stockholders, while
Mr. Chapman represents several thousand shares held
by him¬
self and foreign stockholders. The
petition, after alleging its
several grounds for action, states that,
although the orig¬
inal suit was brought five years ago, no final decree has
ever been taken, or even asked
for, and that it is evidently the
interest of
the parties
now in control to
preserve this situation
as possible. '.The petition insists that there should be
independence in the future administration of this prop¬
erty, to the end that the early reorganization of its affairs may
be promoted, and prays that some
proper person be appointed
Receiver who is not in the employ of the present
Receiver, or of
the Marietta & Cincinnati or Baltimore & Ohio
railroads, or
under their influence. The suit was
brought here because the
headquarters of the officers of the road and of the Receiver are
here. It is stated that the application is
supported by the trus¬
tees of the first and second
mortgage bonds, representing $8,000,000 or $10,000,000. It is also said that a very large interest
in the capital stock of the Ohio &
Mississippi Railroad is in sym¬
pathy with this movement to get the road out of the hands of
long,
entire
as an
also act
DISnCRSKMENTS.
Pay-rolls
58-0
Total owned and leased
405-5
Leased to Balt. A Ohio RR... 52 0
...
9-0
8-0
15
.
.
29-8
\
Total operated
.
353*5
ready reference, and where informa¬
the company being to extend
investing public, and will only-
for bona fide transactions. The company will
registers of stock on reasonable terms, and will like¬
wise keep a registry of
mortgages and other properties for sale.
—Messrs. Henry F. Shoemaker and J. Rhinelander Dillon have
formed a partnership under the firm name of
Shoemaker &
Dillon, and opened large and beautiful banking offices at 21
Nassau Street. Their card appears in our
advertising columns
to-day, where they announce themselves ready to buy and sell
on commission, for cash or on
margin, all securities dealt in at
the New York Stock
Exchange. We believe that the members
composing this firm have both energy and experience, and their
house seems likely soon to rank among the
prominent stockbrokerage firms of this city.
—The New York agent of the Hong Kong and
Shanghai Bank¬
ing Corporation has received a telegram from Hong Kong, an¬
nouncing that at the half-yearly meeting of shareholders on
the 16th inst. a dividend of <£1 10s.
per share for the half-year
ended 30th of June was declared, $100,000 added to the reserve
fund, which now stands at $1,900,000, and $3,734 carried forward.
—The Ontario Silver Mining Company of Utah announces its
seventy-first dividend (for August) payable at Wells, Fargo &
Co.’s on the 15th inst. The dividend amounts to
$75,000.
423,(501
Total..".
1 O
-
-
tion will be found, the
object of
facilities to its members and the
:
Cash on hand August 1, 1581
Cash from station agents
Cash from conductors
Cash from individuals, railroad companies, &c
Cash from Adams and American express companies
.
.
Franklin A Pittsylvania nar
row gauge
347-5
and disbursements of the Ohio & Mississippi Railroad for the
month of August was filed in the United States Court
by the
Receiver, John King, Jr.
Gauge
05 ’5
62 0
52 0
Leased—
Miles.
Charlottesville ARapidanRR 28-2
—The attention of bankers brokers, and investors is
called to
the card of the “Investment and
Security
Registry
Exchange”
in the advertising columns of The Chronicle. This
company
is incorporated under the laws of the State of
New York, and
has for its object the
keeping books of registry wherein full par¬
ticulars of unlisted securities for sale or
purchase are registered
in alphabetical order for
Of the above imports for the week in 1881, $562,676 were
American gold coin and $18,044 American silver coin. Of the
exports for the same time, $10,000 were American gold coin.*
.
:
Owned—
Miles.
Alexandria to Gordonsville.
88-5
Chatlottes’e to Lynchburg..
60 0
Si/rcr.
Great Britain
as
stock owned
amounts to
3 04,031
d
275
ascertained here, in connection with the sale are that
by the Baltimore & Ohio and the Garrett
interest, $3,000,000 in all, has been purchased for cash by Mr.
John S. Barbour and others,
including members of the Rich¬
mond & Danville syndicate. The stock of the
Virginia Midland
the
$56,260 $3,958,259 $21,477,895
98,430
2, / 38,566
6,500 1,220,372
6,202.679
2,000
112,202
1,234,474
12,702
222,311
210.156
73,268
561,233
?
South America
All other countries
facts,
Imports.
Since Jan. 1
TVn 1H*P,
Germany
West Indies
AT NEAV YORK.
Exports.
Gold.
CHRONICLE.
agency
as
BANKING AND FINANCIAL.
as
Immediate Redemption of tlie Called Fives due Oct,
lst3
witli Fall interest to Maturity.
KE-INVE3TMENT
this corporation
we
condense
as
follows
:
Contracting Company is a New Jersey
corporation, and dates its existence as lately as the 14th of
July, 1881. The object for which the company has its exist¬
ence
is “ the construction for the
use
of any persons or corpo¬
PROCEEDS.
HATCH,
BANKERS AND DEALERS IN GOVERNMENT BONDS,
No. 5 NASSAU STREET,
New York,
Tlie
the Indicator gives certain
facts, which
The Hudson River
THE
Office of FISK Sc
the Baltimore & Ohio.”
St. Louis Iron Mountain & Southern.—-1The
company which
is to construct the 250 miles of new line
for this road is the
“Hudson River Contracting
Company.” Of
OF
August 23d, 1881.
Secretary of the Treasury having given notice that he will redeem,
at any time on presentation, the
Registered Five per cent Bonds of 1881»
due October 1st, with fall interest to maturity, it is no
longer any object
to holders to retain them ; as they
can realize at once the full amount
which the bonds would
bring if held to maturity, and take advantage of
the present comparatively low price of other Government Bonds for
re-investment of the proceeds, besides making double interest on their
money to October 1 st.
The notice above referred to applies to all the
outstanding Registered
Fives (except those embraced in the call due May 21), the whole amount
rations, of railroads, roads and bridges, and the furnishing of
the equipment of railroads.” So much of the having been called in for redemption.
business as will be carried on in New Jersey must
We are prepared to receive the Registered Fives at any time and
be transacted
in Jersey
City, but the financial part of the basiness maybe allow for them the full value of the principal and interest to Oct. 1, in
carried on in the city of New York. The construction of
rail¬ exchange for auy of the other issues of Government Bonds, all of
roads, roads and bridges by this corporation is
apparently
lim¬ which we keep on hand for immediate delivery in any denominations,
ited to the States of Missouri, Arkansas and Texas.
The total at current market rates.
amount of the
capical stock is $3,000,000, divided into 80,000
We will make exchanges with National Banks having Fives in the
shares of $100 each. But the
company is authorized to com- Bank Department, substituting any of the other issues of Govern¬
e
kusine.ss when 5 per cent on $100,000 is paid in in cash.
ment Bonds, on the most favorable terms.
The following are the names of the
corporators and the num¬
As the redemption of the Coupon Fives, which fell due
ber of shares
Aug. 12,
belonging
to each : Frederick A. Marquand, 160 and of the Registered Fives, now payable—amounting
together to
shares ; Duncan D.
Parmely, 140 shares ; Chester C. Munroe, between $40,000,000 aud $50,000,000, most of which are held
140 shares ; A. H.
by
Calef, 140 shares ; G. P. Morosini, 140 shares ; Institutions, Trusts, and
Investors, who will require Government
Wager Swayne, 140 shares ; and Guy Phillips, 140 shares;
making 1,000 shares and $100,000 stock. There is $2,900,000 Bonds for re-investment—will create an active demand for Fours,
Four-and-a-li&lfs, and tlie Three-aud-a-lialf per cent Continued Fives
inore of this stock, which
was offered to holders of the stock of
and Sixes, those who act most promptly in making their
the Missouri Pacific
exchanges
Railway Company of record on the 8th or investments will doubtless secure the best results.
day of August, 1881 (as published in the Chronicle).
Orders, or inquiries for terms of exchange, by mail or telegraph,
Virginia Midland.—The Baltimore Sun reports of the sale will
receive prompt attention.
dl this road to
the Richmond & Danville syndicate: “ The
FISK & HATCH.
rolling stock and
>
[Vot. XXXIII.
THE CHRONICLE
276
A
■e
■
-
nhcrsr (Baacttc.
^Ixe
Documentary
DIVIDENDS
The following
Per
cent.
Name of Company.
Railroad.
Cliic. Milw. <fc .St. P. (com. &
pref.)
Northw., pref. (quar.).
Hudson R. (quar.)..
Chicago
N. Y. Cent. &
Oct.
0
Oct.
The Money Market
week of September lias
Amsterdam
Bootes Closed.
(Days inclusice.)
Oct. 26
$4 82
Sovereigns
28 Sept. 16 to Sept. 29
15 Sept. 16 to Oct. 19
Sept.
(guilders)
Bremen(reiclimarks)
Coins.—The following are
f), 1SS1-5 P. M.
and Financial Situation.—The first
been notable for the hottest weather ex¬
Nanulcons
X X Reiclimarks.
X Guilders:
3 83
4 74
4
4
4
5
81
79
781-2
4 79% 3)4
4 78 % 5*4
4 78
®4
5 26%@5 25
33 % @
39 34
93 %@
93%
Frankfort or
15 Sept. 21 to
FRIDAY, SEPTEMBER
YORK,
NEW
When
ray able.
3%
1%
commercial
Paris (francs)
auuoimced:
dividend lias recently been
bills on London.
Prime bankers’ sterling
Prime commercial
Demand.
Sixty Days.
September 9.
83%@4 8412
8212 @4 83
82
@4 82^
23%@5 21 q
3934® 40%
91%@ 9412
quotations in gold for various coins:
Silver 14s and %s.
Five francs
Mexican dollars..
@$4 86
@ 3 86
@ 4 78
@ 3 97
3 95
8pan’h Doubloons. 15 55 @15 75
Mex: Doubloons.. 15 50
@15 55
Fine silver bars
1 12 @1 1213
Fine gold bars....
par @ 14 prem.
Dimes &. % dimes. — 99% @ par
..
Do uucommerc’l.
English silver
....
Priis. silv. thalers.
U. S. trade dollars
U. S. silver dollars
—
99 %@
—
92
@
—
—
88%@
—
—
87
@
—
—
—
91
88%
8s
@ 4 80
@ — 69
4 70
—
par.
63
993s®
99% @
99%
—
par.
perienced in many ye^rs, and also for the hottest corner in a
United States Bonds.—Government securities are strong
railroad stock that has been witnessed since the great Northwest and business has been more active. There is nothing new from
corner of November, 1872.
Corners had lately been out of Washington in regard to the purposes of Secretary Windom,
fashion (posssibly as a rather troublesome and unnecessary and up to the
close of business on Wednesday night there had
method of making money in stocks when consolidation and been $6,134,900 in 5 per cent coupon bonds, under the 103d call,
watering answered the purpose much better!, and therefore the and $13,603,000 in registered 5 per cent bonds, under the 104th
street was taken by surprise when Hannibal St. Joseph common
call, received at the Treasury Department for payment..
quickly sold up to 200 on small transactions. But cornering
The closing prices at the New York Board have been as follows:
stocks is looked upon with much disapproval by a great major¬
Intei'est Sept.
Sept. Sept. Sept. Sept.
ity of the respectable brokers, as it is considered very damaging
8.
7.
0.
5.
3.
Periods.
to legitimate business.
It has much the same effect in the stock
101%
market that shooting at wild geese after dark on Long Island
*101 % 101 Li *101%
6s, continued at 3%.. J. & J. *101%
101%
101%
*101
'10 L
has on the general sporting.
In either case the vic¬ 5s, continued at 3*2.. Q.-Feb.
*113
113
112 7g *113
*112%
Q.-Mar.
reg.
tims are “ twisted ” by something which they do not under¬ 4%s, 1891
113%
*113
113
>
coup. Q.-Mar. 112% '112%
stand and could not anticipate, and those that escape with their 4*28, 1891
*115%
*115% 115 %
IIS!!
UlSig
Q.-Jau.
48, 1907
reg.
*116%
Ml 6i8 116% 116%
*116
lives often clear out and are never seen in the same region 4s, 1907
coup. Q.-Jan.
*130
*130
*
*
*
again.
good point is given to the discussions regarding the poor
crops of this season by a Kansas circular which shows the
A
hasten
present profits and the inducement which farmers have to
all they can spare to market. This circular of the “Nemaha
County Land and Loan 0o ” makes estimates from the returns
of the State Board of Agriculture, from which we compile the
following for the State of Kansas :
1880.-
Wheat
Corn..
Bushels.
Value
in St. Louis.
23,507,223
101,421,000
$22,900,000
30,000,000
-1881.
Jiushcls.
15,797,544
83,431,080
Value
in St Louis.
6s, cur’cy, 1895..reg. r.
6s, cur’cy,
6a, cur’cy,
6s, cur’cy,
6s, cur’cy,
1896..reg.
1897..reg.
1898..reg.
1899..reg.
This is the price
*
j.
j.
j.
j.
*130
*131
*132
*
133
*135
& j. '130
& j. *13L
& j. *132
& j. *133
& j. *134
Balances.
jReceipts.
$
44
<f
quoted as before at 5@6
per cent.
The Bank of England statement on Thursday showed a decrease
mercial paper
of two to four months is
in specie, and the percentage of reserve
against 39% per cent last
week ; the discount rate remains unchanged at 4 per cent. The
Bank of France reports a decrease of 7,250,000 francs gold and
an increase of S7,500 francs silver.
The last statement of the New York City Clearing-House
banks, issued September 3, showed a decrease in their deficiency
of $1,547,925, frhe total deficiency being $1,020,100, against
$2,568,025 the previous week.
The following table shows the changes from the previous wreek
and a comparison with the two preceding j^ears :
for the week of £327,000
to liabilities was
39 15-16 per cent,
sale was made.
Sub-Treasury.—The following table shows the receipts
payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
Payments.
ii
44
Currency.
Coin.
$
$
$
2,744.140 13
4,100,373 11
11,982,165 28
1,011,763 49
Holiday
1,952,209 56
..5
*2,433,440 13
This exhibit seems to be altogether fair, and shows that in
o...t 14,251.824 24
.
.
*1,153,666 85
advance in7
consequence
of the immense
prices
corn
8 JA
this year, the single State of Kansas, on a loss of
9...
1,891,287 40 2,429,559 32
bushels of wheat and corn, has a crop now worth about $22,700,000 more than in 18S0. It is to be hoped that farmers through¬
Total.
21,732,428 23 22,268,006 33
out the country will not be rapacious, but have the
sense
Includes $100,000 gold received from
to be satisfied with present prices, and realize on their
t Includes $3,000,000 gold received
while a handsome profit is assured to them.
$100,000 gold from San Francisco Mint-
£The money market has been easier, and rates on call loans
have ranged at 4@6 per cent, according to the collaterals, with
most of the business to stock brokers at 5 per cent. Prime com¬
*131
*132
*133
*134
U. S.
99,228,024 $31,030,000
124,923,223
$58,900,000 3
Total
.
.
.
Sept.
good
produce
*134
bid at the morning board; no
pH
*131
*132
*133
*134
and
$27,400,000
54,230,000
of wheat and
about 25,700,000
c
*130
*131
*132
*133
44
*
4,743,643 09
79.921.335 88
73,480,4,
4,567,563 51
4,413,985 86
80,970,993 14
4,488,605 22
80,474,283 61
4,417,047 80
53
t
80,873.714 14
San Francisco Mint,
from Philadelphia Mint,
and
State and Railroad Bonds.—The market has been dull for
State-bonds with a stronger tone in the leading southern issues.
Railroad bonds have been more active and higher on those
stocks ; in bonds
moderate.
at auction:
issues which are closely allied to speculative
for investment the business has been quite
Messrs. A. H. Muller & Son sold the following
Shares.
3 Nat. Bank
of Commerce
I
York City
6s,
Iiupr. Fund Stock
I
Railroad and Miscellaneous
there has been more
Bonds.
145 % I $3,000
City of New
Park
gold, due 1902
128% and int
Stocks.—In the stock market
excitement than has been seen
before for
The chief motor in the new activity was the
corner in Hannibal & St Jo. stock, which ran the price up by jumps
until it reached 200 on Wednesday, and it is at the same figure
to-da}T, as this is supposed to be the settling price demanded by
the pool. This sharp corner took Wall Street by surprise, as
such things have been out of vogue for nearly ten years past,
1879.
1880.
1881.
Differences fr’m
Sept. 6.
and the effect was remarkable at the. opening of busines this
Sept. 4.
precious week.
Sejd. 3.
morning, after Thursday’s holiday. Parties short of stocks
Loans and dis. $337,207,200 Dec.$6,162,400 $311,9 42,800 $257,386,800
made haste to cover, and there was" for a little time quite a bear
19 753.800
65,434,700
Inc.
192,400
02,313,800
Specie
21,372.300 panic, in which Ohio & Mississippi led the market by advancing
19,342.300
rue.
92,300
19,683.200
Circulation...
315,927.200 Dec. 7,794,100 297,186,800 226,635,630 rapidly from 39% at the opening to 60 at the first board, and
Nek deposits
40,OSS,900
14,541,400
593,000
15,617,900 Dec.
Legal tenders.
with various fluctuations back to 45/£ at the close. At the time
$56,658,900
$74,296,700
Dec.$l
,948,525
$73,981,800
of greatest excitement the sales went, as follows : 45, 46, 47, 47/£,
Legal reserve.
59,842,700
79,976,100
400,600
77,961,700 Dec.
Reserve held.
47%, 48, 50, 55, 56, 57, 59, 60, 53, 55, 56, 55%, 55, 54, 53, 49, 48.
$3,183,800 Other stocks followed in activity and advanced according to the
$5,679,400
Dec.$1,547,925
def.
1,020,100
Surplus
short interest in each, among which the elevated railroads,
Exchange.—The market for foreign exchange was stronger in Michigan Central, Denver & Rio Grande, Texas & Pacific, Louis¬
'
the early part of the week, owing to fewer bills against ship¬ ville & Nashville, and others, were prominent.
It was not developed that there was a close corner in Ohio &
ment of stocks and bonds, but to-day was rather heavy, there
being an increase of commercial bills, and only a moderate Mississippi, but as the stock in the market has worked into a com¬
paratively few hands, the sudden advance was made possible
demand for bankers’ sterling. The actual rates were 4 79
The general
4 80 for prime bankers’ 60 days’ sterling and 4 83/£@4 84% for under the heavy purchases to cover short sales.
demand. Cable transfers, 4 S4%@4 84%, and prime commercial effect of the whole movement has been to give a temporary im¬
bills 4 78@4 78%. The actual rates for Continental bills are : petus to the entire list of stocks and cause a fictitious appearance
Francs, 5 26% and 5 22^; marks, 93% and 94^, and guilders, of strength in the market which has no good foundation. There
39% and 39 15 16. The steamers to-day landed $625,090 in gold, may or may not be good reasons for strength in stocks on other
grounds; but a mere corner and rush to cover short sales is
making the total import since August i $10,506,649.
In domestic exchange New York was quoted to-day as plainly a temporary force which must soon cure itself.
The opinion among the best class of stock-brokers who have a
follows at the places named : Savannah, buying, 5-16; selling,
regular
business to carry on, and a good set of customers to b3
13-16; Charleston, buying, % prein.; selling, % prem.; New
Orleans commercial, 150 discount, bank 100 prem.; Chicago, 100 retained, is altogether hostile to these stock-cornering opera¬
tions, and it is pointed out quite clearly that in most, cases the
discount; Boston, 9 pence to 25 discount.
Quotations for foreign exchange are as follows, the outside corners have brought serious loss to tiie pools which managed
them.
"
* ■
prices being the posted rates of leading bankers :
many a
-
.
'
week.
THE
10, 1881]
gnu TEMBKR
DAILY
STOCKS.
railroads.
SuwQU6liaiina.-^...—
N. Y. Air-Liuo prof...
SJffSo Pittsburg A Western...
-
Canada southern
04 *4 04 *4
03%
93
90
27
89 34
29
92 i8
89 Jg
Burlington Cellar Rapids & No.
-
Falls A Minnesota
Central ot New Jersey
Central Paaric . . ^
cedar
Chicago
rliira^o
Alton.^............
Burlington & Quincy..
&
TuGsdtiy
Sept. G.
LOWEST
Wednesday,
y
Sept.
7.
For Full
PRICES.
Thursday,
Sept. 8.
Friday,
Sept. 9.
27
39%
*27
128
G334
80
80*4
03%
04%
150%
63%
64
27*2
*38
93
92%
89%
27 *•>
89
Cincinnati Sandusky*
Cleveland Gol. Cm. & Ind...
Cleveland •& Pittsburg guar..
Columbus Chic. &
.
Ind. Central.
Danbury <fc Norwalk ............
Delaware Lackawanna & W eat.
Denver* Rio Grande
Dubuque & Sioux City
East Tennessee Va. & Ga
*
39
29 7a
40
30
*28*2
94%
40
30
*28
30
130 78 132
k130
92 *4
27*2
*26 *2
39
30
88%
39
29 7s
131
94
89 3,
26 7,
io3
1*5*1% io2% i’5'3" 1*5*8*
150*4 151*8
102-4 10234
Island
Louisiana & Missouri River....
20%
87
8G
26 3
123% 12434
80
87%
17
94 >2 90
113
113 \
" " 86%
87 *2
8G
8G34
17
*17**
9G *2
123 7a
8G5g
*83
16
30
124%
87%
86*2
52
88*2
92%
31
31
51*2
135
1*9*6" 20*6'
200
113*2 116*2
91*2 93 3g
127 34 130
112*2 116*2
53*2
52
52*2
43
45*4
52*2
52 7b
122*4 123%
123*4 123%
30
30
11*2
11 *2
‘79’* **8*6"
7734
39 7g
40*4
103'd 104%
33 34 34 *4
"85
*85*"
142*8 142%
98 *2 100'
42*2 42%
Do
prof.
New York A New England
184
New York New' Haven A Hart. *181
29*2 2934
New York Ontario A Western
..
79*2
78:*a
93*4
45*4
78*.
92-g
93*4
44
45 3g
39 *g
103 %
* 40
97%
79*2
83
94*4
45*4
32*8
33
85
39 % 40-8
104 *2 105 *2
104*2
33*4
123
*8*5
95*4
95
97
78*2
81*8
pref
Do
Northern Pacific
Do
pref
Ohio Central
Ohio & Mississippi
Do
63
38
48
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic
Rensselaer & Saratoga
Rich.* Allegh., stock trust ctfs.
Rochester A Pittsburg
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute.
Do
pref.
St. Louis A San Francisco
Do
pref....
Do
1st pref.
St. Paul A Duluth
;
Do
pref
St. Paul Minneap. A Manitoba.
Scioto Valley
Texas A Pacific
Toledo Delplios A Burlington
Union Pacific
United Companies of N. J
Wabash St. Louis APacific
Do
39%
54 %
39 3,
7934
80*g
20
26*2
37 *4
38
30 l8
3G %
60%
13934
93
94
46
46
97
15,795
160
810
310
*39**2 4*6*2
104% 1073b
33*2
123
2,321
78*2
81*4
92 34
80
85*4
45
45*4
2,600
* 4*6 *2
18,4*0*6
95
18,640
24.860
99 34 103*2
42*2 43*8
39 *2
105*4 107
33*2
50,855
900
35
25
1.400
*
84*2
86*2
102
10234
42 34 43
83
84
85 *2 * 85 *2
142*2 143
11,124
102*4 108*2
42*2 43*2
11,410
22,130
84
500
86
184
29
29*2
29*2
55*2
40
80 %
26 3g
54
39 %
80*2
26
54*8
40*4
38*4
38*2
38*2
39 .-g
35 *2
3634
60%
36*2
60 *2
3634
42*2
42*2
29*2
54
39 7b
79*8 80
2G
2G
37% 38
108
108
54
40
79 34
26
54
*39 *2
35
59*2
138
3G*4
60*4
GO
42*4
29*2
29 *2 29 *2
90
44
90
293.
30*4
82%
26*4
53 7a
40
81
26
39*4
110
24
00%
60*2
42*2
43
29*2
90
90
44
71
LOG
45
4434
71*4
71
108
‘*513.i ’*52% 51% 52 78
12*6% 1*2*1% 1*21*4 122*8 1*21* 1*22*4
51*8
52*2
4 7 *8
48*8
47 34
84%
85
84%
*45
50
50
1o778 150*6 157
49
50*2
138 34 139
108
48%
86*4
139
108*4
50
-
157
49*2
49*2
105
159*2
4934
139 7a 140
139
8G
69
13G
52
138
*86
*67
*129
51*2
138
87
69
135
51*2
Little
Pittsburg Mining
Manposa Land A Mining...
Coal
Quicksilver Mining
1)0
36*2
13
58
pref
Coal A Iron
Mining
86
70
135
51%
52*2
*18*2
*2%
19*2
Excelsior Mining..
New central coai....;.;;;;;;;;;;
36 :*8
*12
*54 7a
51*2
85*4
48
48
10*7% 1*9*8*
-42
159
49*2
*139
50
1597g
50
....
137*2137*2
87
58
are
oi *2
134
*1%
7*2
the prices bid and asked—no sale was
June 6
May 26
Jan. 19
66 h
99
183%
1*14%
124%
87% 130
159% 160
49*4 51%
142
143*4
1*8
1%
88
89*4
87
138
86%
54
54
52
'18*2
19*2
1%
134
*6
36*2
12*2
58
22
17e
7*
138
8634
68*2
10
i;6*o*6
800
300
1,100
1,050
200
23,38*3
4
6; 875
27,1*60
21,700
5,166
i',443
36*2
42
53
37
85
Mar. 22
May 20
Aug. 22
18%
*12
59
134
13*2
30
134
Jan. 28
Feb. 26
63
140
96
57%
12%
43
121
130%
28*8
114*2 June 14
3934 June 23
Aug. 25 130*2
52%
41*4 July 26
80*2 July 27
27%
53
32 34
64 *g
95
Jan. 19 142
130
Jan.
7 146
40
Aug. 22 80
25 *g Aug. 26 50
25
Apr. 1 50*2
39
Feb. 28 77*2
86
July 19 143%
39
Mar. 24 55
81 *4
61
Jan.
4
90
Feb. 25 115*2
26
Fe.b.
9 42*2
70
Mar. 8 89*2
88 *2 J an.
7' 107
127
49%
*29%
12
June 3 100
123
Mar. 21
47*2 128
3 122
Jan.
155%
Feb. 15 109
127%
30
51%
Jau. 15
Jan. 10 47
93%
223
269
300
4,300
180**
2
32%
85%
Feb.
Jan. 29
Aug. 2
May 26
57% 102
June24
1*68
June 22
Feb. 9
18
13*2
May 17 112
JunelO 111
June23
June. 18
June
3
15
May 25
42%
June 3
June 29
May • 4
80
II33*
May 14 191*2 Aug.24 157% 180
Feb. 25
Feb. 25
J une 30
26%
96*4 May 16
51%
4G
53
June 29
Jan.
6
74 *4 Feb. 12
73*4 June 9
40
89% Jan.
OA
47%
Mar. 10
186
39
77
30
28%
72%
129
129
June 14
30
135
2*25“
19%
May 12
38
Mav 13
105*2 Feb. 25 131 % July 2
43*2 July 16
41 *2 Jan.
4
T
.-V
Jan.
Jan
_-T?b.
Feb.
Apr.
*1
60
50
4 j 115*4 Mar.
49
Aug.
HI
" 60
\
2 25
Feb. 21 102
48
81
63
92%
30
147
4 62% Feb. 18 27% 62
14 151
Jan. ? 107% 146
5
4%
2% Apr. 1!
%
19 94
.r
...
3 190
1
w»-
„
Jan.'5 141% Aug. 13 106% 122
66%
62% Ja**- 6 88% May 23 54
55
Junell 42
51% Jau. 4 75
120
112
Jan.
60
35
31
Jan.
4 142
May 23
3
Apr. 19
15*2 July 15
178 Jan.
%Jan.
100
85
400
100
24
1,048
21
5,4*65
June 13
May 25
July 9
44*2 July 16
73% June 14
5
4
Aug. 26
33% Jan. 10
12 % Sept. 7
Jan.
5
Aug. 6
25
Apr. 27
1 % July 25
10
7
1
June
J une
June
1
8
8
25% Aug. 22
3*4.Tnn. 11
made at the Board.
64% June 2
59
May 27
54
May 21
Feb. 25 131
6 102
Jan.
Feb. 25 155
118
1
234
36*.;
4
7
Mav 21
June13
Feb. 14
91*4 Aug. 22 126*2 Jan. 20
52,9*3*6
**19" *2*6"
*2*2
50
18
20,325
45% Jan
Jan.
1,100 130*4 May
135
57 *2
59% May 26
May 2
Aug. 20
J an.
Jan.
67%
28%
44%
72
88
174
109
14
23
106
"5*6*8
J une 22
Feb. 25 110*2 May 18
Jan.
7 117*2 Junell
Aug. 9 46*o Feb. 14
May 21
Sept. 9
May 21
June 10
90
45*2
54
24
June 30
Feb. 21
June 23
23*8 Jan. 5 37%
35*8 Aug. 22 60
10
9734 Jan. 8 126
23
Aug. 26 37*2
219*2 Jan. 7 280
2,700
27*4 Jan. 4 57*4
50
Feb. 25 73%
10,700
43*4
30*.
107% 107%
*45 *4 48
*67
f130
22
21*2
May 17
160
36
1,800
*67*2 70
'130
135
"Silver Cliff Mining
These
60
110
24
121 *8 122%
86^4
*35*2
12*2
*55*2
13*2
7 117
Jan. 17 113
24
15
Feb. 18 93
77% Sept. 5 126
23
48*8
27e
36%
36%
27%
99*2 159%
39%
f
85*8
2G
•
Standard Consol. Minins
Cameron Coal
Central Arizona Mining
Cumberland
86
*67
*130
Jan.
25%
17
20
200
47*2
*88 *4 "88 % "88** "8834
137*2 138*4
90%
97%
Mar. 17
4,300
1,516
23,677
3,513
8,800
100
100
47 *2
*
*88% "87*2 *88%
Consolidation Coal
Homestake Mining....,-
-
82 34
26 *2
*3*6" ‘*3*7 *
..
-
54
4034
8*6" *80**
52 7e
29
Feb. 17
June 24
11,750
101*2 102
157
Oregon Railway A Nav. Co
Pacitic Mail
48%
Pullman Palace Car
138*2
Sutro Tunnel
West.Union Tel., ex-certificates
87%
EXPRESS.
Aaams
*137
American
8G
United States
*G7
Wells, Fargo A Co
*130
.COAL AND MINING
American Coal..
Colorado Coal A Iron
52
Ontario Silver Minin"
xrs
15*4
23
9
6
41
70
30
44*8 44*8
71
71
71*2
"105
10G
107
71% 71%
81%
Junell
138
1077s 108% 107 ;)8 108
,
58
"1*0*2 164*4
29 7g
29%
*80%
Jan. 14
June 20
May 10 84*g
Mar. 25 190
Aug. 22 43*2
May 14 90
July 14 26
Aug. 26 70
Jan. 13 51
Jan. 25 88*g
1S4
..
A Hudson Canal
New York A Texas Laud
79
GO
*42 * *4*2
120 *2 121 %
pref.
MISCELLANEOUS.
American District Telegraph
Canton Co
GO
*139
52 *4
-
June
23*2
53*8
pref
Ohio Southern
Panama
Peoria Decatur A Evansville...
Dead wood
4
16% Jan. 26
4,3*24
78*2
8134
i43* 1*4*3 *2 142*2 143*8
142*4 143*4
99
100*8
42*4 42%
Norfolk A Western
j
44
200
pref.
Do
c,
200
*
..
Feb. 25 140
Feb. 2; 136
61%
1
*2*6% '21**8
Do
2d pref.
Memphis * Charleston
Metropolitan Elevated
Michigan Central—
Milwaukee L. Sh. A West., pref
Missouri Kansas A Texas
Missouri Pacitic
Mobile & Ohio
Morris A Essex
Nashville Chattanooga A St. L.
New York Central A Hudson
New York Elevated
New York Lake Erie A West..
Mar. 23 153
147 *2 Sept. 2 182*2
96 Apr. 21 95
101*2 Feb. 25 129*4
140
42
95*4
94*2
June 15
May 26
120
230 131*8 Feb. 26 147*2 Jan. 17 104
146%
2,710 129 Feb. 26 148% May 21 .00*2 204
40
Jan.
4 88
48
May 23 22
3.30*6 3634 Aug. 22 51 Jan. 22
91
Feb. 25 109*2 Jan. 24
5,246
41*2 Feb. 1 68*4 June 22
6; 5*2*6 81 Feb. 25 10134 May 23 61
96%
127*4 Jan. 29 142 May 10 10634 129%
**7*3*6 1834 Aug. 20 32% Mav 20 9*2 25%
60
53
May 12 77 May 24 50
97,2*66 107 Jan. 4 131 Mar.
68*2 110%
80< Aug. 22 113*4 June 7 61*2 86%
83,789
60
June 14
83
76*2 Apr. 8 88
*766 16 Sept. 6 21 Aug. 4
500
30
33
Aug. 6
Aug. 11
175
Aug. 17 175
Aug. 17
8,16*6 44% Jan. 4 200 Sept. 7 22% 50%
Feb. 26 118
7,150 94
July 7 63% 105
63
Feb. 26 106
June 18 49 %
91%
8,4*66 124 Jan. 4 146*2 May 21 99*2 127%
806
38% Aug. 18 57 % May 19
50
Jan.
6
92
*5*6%
May ~
14
Jan. 10 30*4 June
20%
41
Jan.
4
56
Jan. 27
43%
5,200
38% Jan. 4 6534 June
42%
Feb. 25 13534 Jan. 20
76,0rtl 118
139%
"1*8** *18*
94
Marietta & Cincinnati, 1st pref.
Maryland
2134
i‘23*" 1*24*1
90;t8
307(
123*2 123*2 124%
47
18
Manhattan Beach Co
Delaware
40*2
Mav 16 100
July 13 37
High
*
**9*6% 1*31*
97 *4
2034
1*2*3% 124*2
11,525
117
103 *2
5 131
7 71*2
26 48 78
24
90
22 -90
18 40*2
4 112
Low.
25 102% June 18
2034 Jan. 19 33 78 May 14
3234 Jan. 12 48*4 May 14
23
Jan. 25
367b May 14
1,552 127 Aug. 20 156 Jan. 5
117
*87** *9*6"
21
16
Jau.
82 *2 Jan.
80 *2 Feb.
780
137*2 137*2
137*2
Feb.
69
Feb.
62% Aug.
30,725
88
16
113*2 113*2 113*2 117
123*0 123
Louisville A Nashville
Louisville New Albany A Chic.
Manhattan
Milwaukee A Northern
Apr.
69; 32*5
*39*2
*87** *88
**8*8'
T37
21
"26**2 "26*2
123**2 124**4
51*2
122 7ri
47
18
pref....
Do
Jan.
45
Highest.
135
510
400
132
103
*87
9134
Central
3.2*7%. 1.28*4 127*2 127 34 1*28*4 1*29'*8 i2834 13*6*4
Illinois Central....
'44
44 *2
44
44
Indiana Bloom’n A West., new.
Long
120
124
1253.
138
138 *2
135*2 137
Houston * Texas
International & Gt. Northern.
Keokuk * Des Moines
Do
pref
Lake Erie A Western
Lake Shore—
Lowest.
il*7% i*20*4
132
103*2
43.390
9,140
io6
"
pref.
Co....
pref....
Do
86%
*137
200
4,750
91 %
26 7h
39 78
*
*
*17"
Do
Georgia HR. * Banking
Hannibal & St. Joseph.
102% 102%
-
65
92%
90*8
*26*2
39 7a
93%
90
*
pref.
Ole v
82
64*8
Eastern Illinois
Do
Range Since Jan. 1, 1881. Year j.880.
Shares.
100
130
150
*78
*80
** il*8*4 1*1*7 ’*.11*1*9*
Chicago
Milwaukee & St. Paul. 1*14% ii5% il5*g lie" 11*0
°
130
132
bDo *
prefi‘2378 1*24% 1237g i‘2478 124% 1253, i*2*438 12*538
chicaeo & Northwestern
v
137
137
ftpo
prof... 137 137
i*34" 134* 134*2 135
134 Hi 135
135 i*35%
ChicagoRock Isl. & Pacific
Chicago St. L. & New Orleans..
38 ®8 "39
*39 *4 "3*9*12 *39% "46**2 40*4 4*038
Chicago St. Paul Minn. «fe Om..
103
104
102*2
*
Sales ot
the Week,
37
89%
2d pref
AND
T25
92 %
CSesapeake&Oliio^...^......
HIGHEST
Monday,
Sept. 5.
SuCTmiay,
Sept. 3.
Albany &
Boston &
Chicago*
277
PRICES AT THE N. Y. STOCK' EXCHANGE FOR THE WEEK, AND SINCE JAN. 1.
RANGE IN
Do
CHRONICLE.
65
67
43
June 18 100
May 23
June 7
Jan. 15
29*4 Jan. 4
8*4 Feb. 7
9
Apr. 22
35
May 27
38% JunelO
21*4 July 7
75% July 7
27
Feb. 17
45% May 26
7
20
14
7
Feb. 14
June 3
Jan.
3
Jan.
8
35% Feb.
7
9
Aur. 13
118
55
42%
39%
39
30%
4%
27
39%
24%
78%
34
*2*f%
70
25%
25%
35
6%
THE
278
CHRONICLE.
i VOL. XXXIII.
QUOTATIONS OF STATE AND RAILROaD BONDS AND MISCELLANEOUS SECURITIES.
STATE
Bid.
SECURITIES.
AlabamaClass A, 3 to 5, 1900 —
Class A, 2 to 5, small
Class B, 5s, 1900
Class C, 4s, 1900
Ask.
Michigan—
0s, 1883
7s, 1890
77*4
—
90
80
100
6s, 10-20S, 1900
Bid.
SECURITIES.
Missouri—
0s. due 1882
Ask.
funded, 1899-1900...
I.. Rook it Ft. S. iss.
Menip. it L.Roek HR
L. R. P. U.tte N.O. RR
Miss. O. A R. R. RR.
Arkansas Cent. RIt.
Connecticut—6s. 1883*4..
6s,
7s,
7s,
7s,
7s,
7s,
'
or
Do
Do
Do
1883
Do
A.itO
Chatham RR..
llOHa 112
110H>
7s, new, 1880.
7s, endorsed, 1880
7s, gold, 1890
1
00a6
78, consol., 1914
7s, small
Small
07
RAILROAD
Railroad Bonds.
N.Y.
AND
itONDS
Bost. II. it E.—1st mort .j
Bill*. Ced. R.it No.—1st, os'
Minn.it St. L.—lst.^s.gu
Iowa C.it West.—1st, 7s
100
1(H
:12S
100
,
‘j
3Iarq.—31.0s, 1020;tl 11 Hi
|!
*j
||
S.Ant’o—lst.Osi
'108
1st, La (Jr. Ext., Os,1910
1
2d mort., 7s, 1904
4110*4 112
||
iulfCol. its. Fe-7s, 1909
it St. Jos.— 8s, conv.
|J
THouston it Texas Cent.—
C.Rail.Ia.F.it N.—1 st,0s 104
Central Iowa—1st, 7s, ’99 *
114 Hz
Cheasp. it O.—Pur. m’y fd.
6s, gold, series A, 1908. 4
85
6s, gold, ser. B, hit. def.
6s, currenev, int. def
Chicago it Alton—1st m.. 4119
ids"
"
120
109*4
111 Ha 112
1. gr., 7s
West. Div., 7si 109*4
1st mort,,Waco it N., 7sj 114 H*
2d, consol., main line, 8sj
! 130
2d, Waco it N., 8s, 1913 tllHII
80
57
...
*113
1 st mort.,
1st mort.,
j
;
j 130
Income and indemn’y,7s
i 103*4
Gen. mort., Os, 192-1.
Ill.Cent.—Dnb.it S.C., 1st 1104
Sinking fund, Os, 1903.. 4111
Joliet it Chicago—1st m.
Dub. it S. C., 2d Div., 7a tl 10
La. it Mo.—1st m., guar. 4------ 120"
Ced. E. it 3linn.—1st m. 11010
120
2d molt., 7s, 1900
u
Ind.Bl.it W.—1st, pref., 7s 120 !
120
St. L. Jack.it Ch.—1st m ! 115
1st mort., 3-4-3-Os, 1909
120
80
2d mort., 3-4-3-0s, 1909.
1st, guar. (304), 7s. ’91
::::::
2d m. (300), 7s, 1898..
107
Tndianap.I? it 9pr-'3at,7s i’()5
jj
Int.it (Jt.No.—1st, Oa gold
2d, guar. (188), 7s, ’98. ! ii 111
107
Lake Shore it 3Iich. S.—
Miss.R.Br’ge—1 st,s.f. Os
107 Hi
C. B.itQ.—8 p.c., 1st m.,’83 i 107
Mich. so. <* NX s.&
7s 112
! ii i
132
.
Consol mort., 7s, 1903.. 4131
Cleve. it Toh— Sitk. fd..
New bonds, 7s, 1980..
5s, sinking fund, 1901..
!
i
C. R.I.it I*.—Os,coup.,1917
Cleve. P. it Ash.- Is....
Hull’, it ETie- X ev lids. 4120
Os, 1917, registered
1
Keo.it Des M.—1st, g.,5s 107
Butt', it State Line- 7s..
Central of X.J.—1st m.,’90 116*4
Kal.
it W. Pigeon—1st
!
114
no
1st consol., assented, '99
""III
Det.3I.it T.—1st,7s,1900
,
118
|
Lake shore—Div. bonds 4123
Conv., assented, 1902...
107
129
1
Adjustment, 7s, 1903..
Consol., coup., 1st., 7s 128
!l
I
110 *s!
Leh.it W B.—Cou.g’d.a;
Consol., reg., 1st, 7s... 128
130
1
Am. Dock it Im.—Ass'i
125
Consol., Coup., 2d, 7s..
133
C. M. it St. 1\—lst.Ss.P.I
M
j
Consol., reg., 2d, 7s ... 125
1! Louisville, it Nashville—
118
2d m„ 7 3-10. P. D., 189
125
..: 1
121
1st m.,7s, $ g., It.D..190
Consol., 7s, 1898
i
120 Hz
M
104
1st m., LaC. I)iv., 1893.
2d mort., 7s, gold, 1883.
'•
1st in., I. it M., 1897...
4120
ni !
Cecilian Br’cli—7s, 11)07
1
120
1st m., I. it I)., 1899
103
N.O.it3Iob.-lst,6s,1930 £
|I
1
120
1st m., C. it 31., 1903...
E. 1L. it X.—1st, 6s, 1919 100
124
125
Consol. 7s, 1903
103
105
Geu’l mol t., Os, 1930..
^2
I.
108
2d mort., 7s, 1884
Pensacola Div—6s, 1920
|
4122
125
|
L.
I.it
1).
Ext.,190
St.
1st, 7s,
I)iv.—1st, Gs, 1921
106 Hi
S. W. Diw, 1st, Os, 1909. 14100
57
2d mort., 3s, 1980
4
i
493
118
1st, 5s, La.it Dav., 1
Nashv. it Dec.—1st, 7s.
105
1055h
S.it N.Ala.—S.f.,Os, 1910 4
j
4115
1st m., l-I. it D., i s,
108
117*4 L. Erie it W.—1st, Os, 1919
110
Ch.it Pac. Div.,
103
Sandusky Div., 6s, 1919.
100
105 Hz;
Laf. Bl.it 31.—1st, Gs, 1919 105
90 | Louisv.N.Alb.itC.—1st,6s 101
4
100 li'
111
: Manliat. B’ch Co.—7s,1899
C.& N.west.—S.f, 7s,
97
108 Hz 109 Hz'
Interest bonds, 7s,
N.Y. it M.B’li—1st,7s,’97 100
133
134
3Iarietta it Cin.—1st, 7s.. 4119
1
|
1st mol t., sterling
4115
no
4100
98
99 Metrop’lit’n.El.—1st,1908
126
88
2d mort., Os, 1899
Coujion gold, 7s, 1902...
;
120
1 Mich.Cent.—Con.,7s, 1902
127
Reg., gold, 7s, 1902
_
_
1104
Income 7s. 1883
|
107
115
“j
1
]
jj
1
.
j
j
27“!
.
j
||
......
-
-
1
.
...
.
......
$ioi"
1
.....
4iod
j.
....
...
|
......
109
110*8
109
110*8
Sinking fund, reg
Iowa Midl’nd—1st m., 8t
128
Galena & Cliic.—Exten
100
Peninsula—1st m., conv 4120
i‘27 Hz'
Chicago it Mil.—1st m.. 4
Winona it St. P.—1st m
108
2d mort., 7s, 1907
i 24 Hz
4124
C. C. C.it Ind’s—1st,7s,s. f
•Consol, mort., 7s, 1914.
124*’ i 27
C SLL.&N.O.--Ten.lien,7is 113
1st m., con., 7s, 1897... 4'-15
118
C. St. P. 3r.it O.—Cons., 0: s 102*8
C.St.P.it 3L—lst.Os.l OH 1 112 Hz
8s, 1882, s. f.. 4104
Equipm’ut bonds, 8s,’83
Os, 1909
1st mort.,
1
*
No.
Wise.—1st, Os, 1930.
St.P.itS.C’.—1st, Os,191 ) I III II 114
Chic.it E.Ill.—1st,S.f.,cu
4112*4 113
Del. L. it W.—7s, conv. ’t >
.
Mort. 7 s, 1907.
125
120
140
4
Syr.Bing.it N.Y.—1st,'
Morris it Essex—1st
2d molt., 1891.
124
s
4
n
-
Coupon, os, 1931
Registered, os, 1931....
130 Hz 137
N. Y. C. it H.—1st nu,cp.
1st mort., reg., 1903
4130 Hz
Huds. R.—7s, 2d, s. f.,’85 4109
Canada So.—1st, int. gu
99*4 100
130
Ilarlem—1st m., 7s, cp..
1st mort,, 7s, reg., 1900 4
130
N. Y. Elev’d—1st, 7s, 1900 114 Hz
125
■i
i;iO”
I
1st, Pa. Div., ci>.,7s,191
Reg., 7s, 1917
Alb. it Susq.—1st m.,
2d mort., 7s, 1883
’
...
.
1st,cons., guar.7s,19<
4127
Rens. it Sar.—1st, con
1st mort., reg., 1921
Denv. & Rio Gr.—lst,19( J
138
138
.
1st, consol., 7s, 1910..
<
.jN.Y.C.it N.—Gen.,Gs,1910
...JS |N.Y.it New Eng.—1st, 7s.
.
117
4111
104
s
s
.
4
4
Registered 6s, 1921
Pac.—1st, 6s,g.,1920
N. O.
117*4
i
i’()6
gc
-
be
Buff.N.Y.itE.
*
Prices nominal.
)'
814123
8{
Springfield Div..
Ohio Cent.—1st, 6s, 1920.
1st m., Ter’l Tr., Os, 1920
Ohio So.—1st M., 6s, 1921.
Panama—S.F. sub.Gs,1897
•
.
•,
Norf.it W.—G.l.m.,6sH931
Ohio it 3Iiss.—Consol, s. f.
Consolidated 7s, 1898...
2d consolidated, 7s,1911
1st m.,
92
131
......
1st,consol.,
k
Long Dock
Os, 1903
|j IN. Pae,—G.l.gr.,lstcon.Os
2d mort., ext’d 3s, 1919 410GH.
3d mort,, 7s, 1883
4
107
4th mort., ext’d, 5s,
0 4110
5th mort., ext
ct„ 7s,:
11113 ii 5
.
1st m.,
Nevada Cent,—1st m., 6s.
110
4109
5
Denv. So.P.it Pae.—1st,'
1
N.Y.Pa.itO.—Pr.l’n,6s,’95
......
:
s
Hz'
93
3-Os, class C, 1900
3-Os, class B, 1900
1st, Os, Peirce C. it O.
Equipment, 7s, 1893..
94*4
128
127
1
Peoria Dec. it Ev.—1st, Os
Evans. Div.,1st, 6s, 1920
Pac. RRs.—C.Pac.—G.,Gs.‘ 4
San Joaquin Branch..
Cal.it Oregon—1st m..
t And accrued interest.
.....
Consol., Os, 31)05
107
1
117 Li
118 Hi"
124
jU
124
I’dgr., reg.
1st, Rio G.I)iv.,0s,193t
91Hs
Pennsylvania it R—
(
Registered, 1921
4133"
li
2d mort., 7s, 1912
3d mort, 7s, 1912
Cle v. ifc Pi 11 sb.—Cons., s. f 4128
113
4th mort., Os, 1892.
Col.Ch.it J. C.—1st, ct
2d coil., 7s, 1909
(
......
!
iib
»•
"95"
|
78Hzi;<
81!Li
137
i’31
j
i’14
140
"os"!
>
99
92
ii7
108
109
)
no
?5<)
no
4107Hz
7s. 1893
..
ut. gllf
iar.,0s.’99
r’d L.--1st,7s,n
2d mort
39
Utah Central—1st mort
Utah Southern—1st mort
Wis.C'ent.—1st series, new
2d
93 Hz
105 Hz
118
108
no Hz
112
111
59
14
88 Hz
-1st, 7s.
!
34
103
2d mort
—Stock.
i'oi
series, new
15
100
iod
108
79 Hz
55
s
112
h
117*4 119
.
Os(good)
Browne, consol
Virginia—New 10-40s
—
103
52 Hi
INC03IE BONDS.
(Interest payable if earns
Ala. Cent.—Inc. Gs, 191
Central of N. J.—1908.
105
53
Charlotte—1st, 7s.
Income,Os
Atl.it
Stock
-
Car. Central—1st, 6s, 1923
Cent. Ga.—Consol, m., 7s
Stock
Charl’te C.&A.—Consoles
115
109 x4 110H
97
93
75 ^ 76
101
90
116Hz 118
123
120
108
104
2d mort., 7s
101 Hz
50
Stock
123
122 Hz
Chic.SLL.it N.O.—New 5s
119 Hj E. Tenn.Va. it
4118
Ga.—1st, 7s tiio
119 Hz
119
Georgia Railroad—7s — 1122
Os.
1110
109
s
155
Stock
3Iemph.it Char.—1st,cons 117
117
1st, consol., Tenn. lien.
107
3Iiss. Central—1st m., 7s
)
107
2d mort., 8s
100
97
112
N. O. it Jackson—1st, 8s
110
Certificate, 2d mort., 8s
77
)
74
Northeast.,S.C.—1st m.,8s 127
119
2d mort., 8s
Port Royal & Aug.—lst.Gs 104
7
Rieh.it Dan.—1st, cons.,Os 103Hz
1
100
Stock
"95"
J 4
South w. Ga.—Conv. 7 s, ’86 120
00
55.
Stock
S.Carolina RR.—1st in., 7s
40
Stock, assessment paid
I "99"
122
7s, 1902, non-enjoined.
08 Hz
70
d
07
Non-mort. bonds
70 |j Western, N. C.—1st, 7s..
98
9l 60
.....
‘
i06*
54
119*
124
112
160
120
lid*'
110
115
120.
.
......
Ind.Bl.itWest.-
,
i09”
105 Hz
114 Hz
Lake E. itW.—Inc. 7s,
107 hi
80
55*2
RAILROADS.
.
Spring Val. W.W.—1st,
Oregon RR.&Nav.—1st
45
17 H
106
91
108
STATES.
So. Car.—Consol.
.
"93" I
90 lz
(Broker's Quotations.)
00
i'oo
37
105
61
18
Southern Securities
110 Hz Atl. it Gulf—Consoles,’97 till
>
)
^
105
107
2d, 7s, 1887
Ind. Cin. & Laf.—7s, ’97 113 Hz 115
7 s, 1888
•oh it Hock.Val.—1st, 7s. tils''
1107
2d mort., 7s...'oh it Toledo—1st m., 7s. U20
1115
2d mort., 7s
108
79
115
>r. Rapids it Ind.—1st, 7s
1110
1st mort., 7s, guar
104
Ex-land grant
10
18
Stock
111
ndianap. it Vine.—1st, 7s
102
2d mort., Gs
84 Hi
Luisas it Neb.—1st mort..
30
2d mort
112
iong Island—1st mo
2d mort
lidland of N.J.—lst,uewStock
no Hz 114
114
Q. it T.—1
lost. liar, it E. new stock
tl7!
50
liie.it Can.So.—1st, g., 7s
iiic.it S’west.—7s, guar tl20
in. Iml. St. L. it Cliic.—
105
1st mort., Gs, 1920
106
110
112
Cin. it Ind.—1st, 7s, ’92.
Income, “A’
Income, “B’
.....
1
98 H
90
(Broker's Quota firms.)
1
102
—
1st, St. L, Div., 7s,
2d mort., ext., 7s,
40H
jf,
102 Hz
102
Roch.it Pitt.—1st,(is,
105 Hz
Ricli.it All’g.—1st,7s,
108
Scioto Yah—1st, cons., 7s. 4
114
St. Louis it I. 31ount.—"
111
113
2d mort., 7s, 1897
-no
Hz 113
Arkansas Br.—1st ini
110
Hz 111
Cairo it Fulton—1st i
no
Cairo Ark. it T.—1st
89*8 91
Gen.e.r’yit l.g.,5s,193
St.L. Alton it T.H.—1st
2d mort., pref., 7s, 18!
ibo" lid"
2d mort., income, 7s,
112
4
113
107 Hz
2d mort., Os, 1909
109 Hz
lib 112
100
Tol. Del. it Enr.-
*
78
40
’ol.Del.it B.—Inc.Gs, 1910
Dayton Div.—Os, 1910..
94 Ha h
iTex.it St.L.—L.g.,iuc.l920
95
*
)
42
j j. 4. L. A. it T.II.—Div. b’uds
......
St.L.V.&T.H.—lst,{
2d mort., 7s, 1898
Wabash—Mort. 7s c
Tol. it W.—1st, ex
449
2d, 6s, int. acc’mulaiivc 4
t’gl.it R’y--Ser.B.,i nc.’91
Plain Income Os, 1890..
i
1
Tol.P.&W.—1st, 7s,
2d pref. debentures.....
3d pref. debentures
4th pref. debentures....
L Y. T i0. keE. it W.—I mi Os.
r.Y.P.it O.—1st inc.ac.5-7
r.O. 31.it Tex.—Deb.scrip
•bio Cent.—Income, 1920
►liio So.—2d Inc., Os, 1921
1). it Ev.—Incomes
Kvansv. Div.—Inc.,3920
j] locli. it Pitts.—Inc., 1921
j* t. Louis 1. 311. it So.—
1st, 7s, preL.lnt accum.
123 Hz
W. St. L. & P.—Gen. m
Chic. Div.—5s, 1910.
Hav. Div.—Gs, 1910
I
.
v
iiir
jj ’eoria
4-"HI rid"'!
1st, Tr’t Co. ctfs., as
St.C.B.—1st, 7-8s,l
......
I... ‘
if •gdensb.it L.C.—Inc. 1920
102
4 H»s 1st c
Pitts.FLW.it Ch.—1st
i
107
100
77
Income it
.B.Coal—1888 j
I
ti05
.
Om.Div.—1st mort.
Clarinda Br.—6s, 1
99 7s i'od !
102 Hz 103
103
103 Hz
95
107
107*4
120
123
120
123
121Hz 122
113
98
100
100
93
95
......
no
i '0’5" \]Miscellaneous List.
4-
So, Pacific of 31 o.—1st m
Tex. it Pac.—1st,Gs, 1903
Ill.itS.I.—
......
100 Hz 109
120
=
registered
100 u ?
Ill
IX
Funded coups., 7s, ’93.
Atch.C.it P.-1st,Gs, 1903 ib’i"
At. Jew. Co.itW.—1st,Os
Utah So.—Gen., 7s, 1909 107 U
31o. Pac.—1st consol.. Os 4......
3d mortgage, 7s, 1900. 4115
Pacific of Mo.—1st, Os... 108
2d mort,, 7s, 1891 .....
ib’o
St. L.it S.F.—2d, Os, cl.A
2d mort.
!,...
I
..small
i-'J
109
Sinking funds, 8s, '93 4
Registered 8s, 1893... 4
108
Collateral trust, Os
Kans. Pac,—1st, Os,’93
1st m., Os, 1890
4112
115
Den.Div.,0s;ass’d.’99
1st cons., Os, 1919... 107 U 108
Cent. Br. U. Pae.—1st,Os
......
122 Hz
1st in.,consol., guar.,'
Del. it II. C.— 1 stm. /7s, ins¬
ist mort., 7s, 1891
1st mort., ext., 7s, 1891
1st mort., coup., 7s, ’9
1st mort., reg., 7s, ’94.
98"j
|
S—Os, 1891
3Iil.itNo.—1st,4-5-08,1910 "II" 102 ;
107
3Iil. L.S.it W.—1st 6s,1921
3Io. K. it T.—Gen.,con., Os
8818 92
100
Cons., assented, 1904-0. 100
80
81
2d mort., income, 1911..
112
H. it Cent, 3Io.—1st,’90. 4
3Iol)ile it O.—New m., Os. 112
115
3Iorgan’s La.itTe.x,lst,Os
Nash.Chat.it St.L—1st, 7s ii'7" 119"
! 2d, Os, 1901
i’0'5"
N. Y. Central-Os, 3883
112
6s, 1887
6s, real estate, 1883
io'5"
6s, subscription, 1883.. 4i03
......
7s of 1871-1901
97
*
Do
Do
!...
SECURITIES.
State Aid bonds.7s,’84
Land grant bonds, Os. 4
West. Pac.—Bonds, Os
So. Pac. of Cal.—1st, (5s. 105
Union Pacific—1 st mort.
Land grants, 7s, ’87-9. 4117
Pa. Co’s guar.
Registered
Funding as, 1899
-|
Jack. Lan.it
118
Bonds, 7s, 1900
"94"
j
107
197
197
110
ij Small bonds
-i|
_
,
Sinking fund, Os, 1929..
1
Ceil. Pacific.—Continu’d
11
i1! ( lal.llar.it
(50
...
,
83
MISCELLANEOUS
L.K.itW.--New2d,6.tlOOH>; 102
1st, consol., fd. cp., 7s.
2d, consol., fd. ep., 5s.!
mini-3 TtitP.
'
Rhode IslandOs, coupon, 1893-99
I
(Stock Exchange Prices.)
Ala. Central—1st, Os, 1918
Atch. T. it S. Fe—4 Hi, 1020
Balt.itO.—1st, Os, Prk.Br. till
new, 1807.
Os, consol, bonds
Os, ex-matured coupon.
I
Os, consol., 2d series
Li! Os, deferred
'District of Columbia—
-!>r 3-05s, 1924.
!
Os, 1880
00
| 69Hz
! 09 >2
i
.'; Os,
7
'
class 3
4s, 1910
U05
! 69Hz
Os, new, 1892-8-1900...
Os, new series, 1914
Virginia—Os, old
.1; Os, new, 1800
z
Ohio—
1883
1891
1892
Os, loan, 1893
117
Louisiana-
Do
ConsoL
rog., 1887
coup., 1887
11
Brown consol’n Os, 1891Ten nessee—Os, old, 1 892a
22
!
i
Special tax, class 1, ’98-9,
Do
class 2
j
Os, Act Mar. 23, 1809)
« non-fundable, 1888.. {
.
..I 110
A.itO
-Bid. ;|Ask.
South Carolina—
coup, off, J.itJ. 120
coup, otf, A.itO.I 120
Funding act, 1800-19003
13
Do
1808-1898.';
13
New bonds, J.itJ., ’92-8,
22
110
110 >2
New York—
Georgia—Os, 1880
SECURITIES.
Carolina—6s, old, J.&J.i 30 Hi
Os, old, A.it (>....
37
No. Carolina HR., J.itJ. 140
i
Hannibal it St. Jo., ’80.
Do
do
’87.
Os, gold,
0s, gold,
0s, loan,
Os, loan,
Os, loan,
Ask.
X.
!
....
107
Bid.
SECURITIES.
1
0s, due 1880
0s, duo 1887
Os, due 1888
Os, due 1889 or 1890
Asyl’m or Univ., due ’92
Funding, 1894-’95
Arkansas—
BONDS.
Sand’ky Div.—Inc., H
4 No price Friday—those are latest quotations made this week.
ti'06*
107
110
108
CHRONICLE.
THE
10, 1881.]
September
New York Local Securities.
279
Quotations m Boston, Philadelphia and Baltimore.
Bid
8XOUBITIBS.
Bank Stock Hist.
[Quotations by E. S. Bailey, Broker
No. 7 Pine Street.]
Ask.
COMPANIES.
do
123%
Broadway.........
Butchers’ A Drov’rs
Central
Chase
Chatham
Chemioa!
Citizens’
City
Commerce
Continental......
...
Corn Exchange*
East River
Eleventh Wurd*
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
American*.
Exchange*.
Germania*
Greenwich*
Hanover
Imp. and Traders’...
Irving
Island City*
Leather Manul’trs’.
.•
Ask.
—
Mechanics’
Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
Mercantile
Merchants’
Merchants’ Exch’ge
..
.
100}$
City
Clinton
•
-
•
Columbia...
Commercial
Continental
Eagle
•
147
Empire City
Exchange
Farragut
Firemen s
.
• •
•
Firemen's Trust
Franklin A Kmp-«**
German^ American..
125}$
Germania
Globe....;
iad
Greenwich
Guardian....
Hamilton
Hanover
Hoffman
Home..
Howard
....
..
•
L"
•■r.,
Importers A lr a ra
ifo
iso
•
Irving
••
LoSg^sland(B’klyn)
Buiid.
•
Mechanics’ (B’klyn).
Mercantile
100
100
100
100
100
100
70
SO
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
Murray Ilill*
Nassau*.
New York—
New York County...
N. Y. Nat’l Exch’ge.
Ninth...
North America*
North River*
Oriental*
Pacific*
Park...;
People’s*
Phenix
Produce*
Republic
St. Nicholas
Seventh Ward
Second
;
Shoe and Leather...
Sixth
State of New York..
Third
Tradesmen’s
Union
United States
West Side*
103
1
National
New York
New York
New York
New York
170
105
37}$
Fire
& Boston.
-•—
City
North River
Pacific
Park
Peter Cooper
People’s
144
i.25
Phenix
Relief
Republic
*
*
i30
*
120
149
60
115
50
50
••••••
Equitable
Niagara
165
150
120
95
75
150
200
60
112
50
Merchants’
•••••:.
Montauk (Brooklyn),
Nassau (Brooklyn).
/ *. ’
05
135
155
100
100
25
50
50
Manhattan
Mech. & Traders’...
Mount Morris*
105
125
98
no
120
180
157
118
5*
25
....
-•••••
90
20
40
50
100
25
S"(BrWn).
Lamar
Manufac’rB’ &
163
112
215
200
190
100
125
135
60
100
230
230
30
KjngsCt?unty (Bkn.)
155
■
Metropolis*
Metropolitan
50
100
25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50,
100
50
50
100
American Exchange
Bowery
Broadway
Brooklyn
Citizens’....
131
50
50
100
50
100
100
25
50
25
100
50
50
100
100
Marine
Market.
iao
i21
125
i
income
o
••••
Rutgers’
Standard
Star
Sterling...*
Stuyvesant
Tradesmen’s
United States
Westchester........
Williamsburg City..
35
100
100
100
50
25
25
100
20
50
50
50
100
25
50
100
100
25
25
25
10
50
00
140
108
100
150
80
120
no
150
118
157
110
05
00
185
1<.5
22 )
125
_
.
115
135
85
75
150
130
100
115
105
130
115
210
107
115
210
170
130
70
no
240
100
Albany 7b
Boston os
do
08
Boston & Lowell 7s
6s
do
Boston & Providence 7s...
Burl. & Mo., land grant 7s.
do
Nebr.68
do
Nebr. 6s
do
Nebr.4s—
....
!!
124
;90
105
iioH
..
Chicago Burl. & Quincy 4i
onu. & Passumpsic, 7s, 18
92
70
120
70
150
110
L70
uo
90
125
Bate.
Amount. Period
[
Brooklyn Gas Light Co
C Hens’Gas Co iBklyu)
do
25
20
bonds
Rirlem
1,000
50
20
50
100
500
100
.
Jersey City & Hoboken
Manhattan
Mtfrooolltan.
do
bonds
M tiual, N. 1
do
bonds
1,000
Nassau. Brooklyn
do
25
scrip
•
New York
..
People’s (Brooklyn)
Bonds
Bonds
Central oi
M
do
.....
....
•
.N ew
Var.
50
50
York
bonds
1,000
tronolitan, Brooklyn
100
100
M-inielpal
do
Fulton
100
10
1,000
Williamsburg
c
Va-.
bonds
...
.....
Municipal
'l00
2,000,000
1,200,000
315,000
1,850,000
750,000
4,000,000
2,500,000
1,000,000
5,000,000
1,000,000
.Var.
Var.
A. & O.
F.&A.
J. & J.
J. & J.
M.& S.
F.& A.
1,000,000
Var
M.&N.
M.&N.
J. & J.
M.&N.
Var.
F.<& A.
5
Date.
*
5
.
Colony, 6s
195
112
233
130
210
no
140
05
80
140
108
80
STOCKS.
& Topeka
...
..
Albany
Lowell.
Maine
Providence
52
105
88
150
210
150
.
.
IK July. ’ol
Quar.
F.& A.
69
10b
00
98
1882
2K Dec. ’60
SK May, ’8!
700,000
4,000,000
1,000,000
375,000
125,000
400,000
1,000,000 Quar.
1,000,000 A.& O.
1,000,000 M. &N.
3,000,000
750.000 M. &N.
1
1,500,0001
10c
33
1897
103
1900 &c 80
4
•
.
•
Jan., ’76
7
6
3
2
July,
July.
6
2K
5
0
140
••
Cheshirepreferred
'
Chi/. & W. Michigan
Cln. Sandusky & Clev
100
900,000 J. & J.
1,000
094,000 J. & J.
Broadway & Seventh av.—St k 100 2,100,000 Q-J.
1st mortgage
1,000 1,500,000 J. & D.
Brooklyn City—Stock
10 2,000,000 Q-F.
1st mortgage
1,000
300,000 M.&N.
Broadway (Brooklyn)—Stock
100
200,000 Q-J.
Brooklyn Crusstown.—St k—
100
A. & ().
400,000
1st mortgage bonds
1,008
300,000 J. & J.
Bnshwick Av. (B’klyn)—Stock.
100
500,600 J. & J.
Central Pk. N. & E. Kiv.—Stock
100 1,800,000 Q-J.
Consolidated mort. bonds.... 1,000 1,200,000
J. & 1).
Christopher & Tenth St.—Stock 100
050,000 F.& A.
Bonds
1,000
250,000 J. & J.
Dry Dock E.B.& Batt’ry-Stock
100 1,200,000 Q-F.
1st mortgage,
500&C
consolidated
900,000 J. &I).
Eighth Avenue-^Stock
100 1,000,000 Q-J.
1st
mortgage
1,000
203,000 J. & J.
42d St. & Grand
y
St. Ferry—St’k
100
748,000 M.&N.
1st mortgage
1,000
230,000 A.&O.
Central Cross Town—Stock
100
000,000
1st mortgage
1,000
200,000 M.&N.
Houst.West St.& Pav.F’y—St’k
100
250,000
1st mortgage
500
500,000 J.&J.
Second Avenue—Stock
100 1,199,500 J. & J.
3d
mortgage
1,000
150,000 A.&O.
Consol, convertible
1,000 1,050,000 M.&N.
Extension
500&C
200,000 M. & 8.
8ixth
100
750,000 M.&N.
1st Avenue—Stock
1,000
500,000 J. & J.
Thirdmortgage
100 2,000,000 Q-F.
1st Avenue—Stock
mortgage
2,000,000 J. & J.
Twenty-third Street—Stock. ..II 1,000
100
000,000 r F. & A.
_lst mortgage
1 1,000
250,000 M.& N.j
’80
’81
60
00
1900
ioi
July, ’81 03
June, '81 135
105
1888
...1 08
*
1
127
54
Connecticut River
Conn. & Passumpsic
Eastern (Mass.)
Eastern (New Hampshire).
.* *48
7
3
2
7
••••>•••
..
—••
234
2
7
7
3
7
3
7
0
7
..
•
•
•
....
•
11
This
.
.
.
t
.
# #
.
•
7
•
Nov.1904
7
July. ’94
234 July, '81
7
7
7
5
7
5
7
9 >
100
215
152
113
.0
*
02 K
100
100
35
105
Ogdenab.& I.. Champlain . ;
do
pref.
4
7
10234
id5
no
122
118
90
100
190
114
185
100
185
127
120
95
no
ii8
iio
no
iio
00
105
00
105
115
103
70
no
no
12C
(ttt.
Sept. ’88 100
Feb., ’HI 250
July, ’90; 110
275
llj
*81 190
'90 j no
•81 145
’93! 105
115
155
112
coiumn shows last dividend on stocks, but the date of maturity
44
*. 127
Old Colony
Portland Shco & Portsmout h
139
Pullman Palace Car.
..
.,
28
Rutland, preferred
122
Revere Beach & Lynn
130
Ve •mont & Massacuusetts..
Nashua
Worcester &
7s, R. C., !S93*
7s, coup, off, ’93’,
do
ofbonds.
*99%
129*
123
102
98
119
io»
125
94
78
08
c^is.ofl
:
J
do mort., 7s, 1892
11a. Wllm. & Balt. 6s, ’84
|
ts.Cln.&St. L.7s,cou.,lSCC •
do
do
7s, reg., 19■ ’0.«
;122
....
....
S
140
29
•
£
s
•••
Creek 1st m. 7s 1907...
Haz. & W.,tst m.,5s,’2:
do
2d m. 6s. .933.
y
>.
131;
22%
23% ,*■
liO
pref
Rio Grande D;V.. j 91
cons.
.
•
•
.«*«
V
118
1
....
m.,6s,g.,1905 101M
lnc.&l. gr.,7s lf*l5
Itusv. 1st m. 7s. ’si*.
J. cons.m.6s,’94
....
•
113
122
....
liU
70.
*
ioi
....
7
V.Q.,
Philadelphia, 5s reg..
do 6s,n., rg., prior
do 4s, various
to’954*s
....
6s, deb.,coup.,’S3
1st m. 6s, cp., ’96.
1st m. 7s, ’99
cons. Os, 1909
RAILROAD STOCKS.f
& Western
Atlantic
do
ao
22
.
22%
pref.
do
Camden &
21
.
pref..
do
pref
do
new pref
Delaware & Bound Brook....
East Pennsylvania
40
40
55
.
.
2o%
'**
....
Pennsylvania
Pennsylvania
‘37
West .Tersev
West Jersey &
^
Atlantic
•
a*
■ •
i
,
*00%
....
:::
35
'
43%
i*2%
44
N
....
+ Per share.
128
Par.
100 190
do
2d pref
do
Wash. Branch. 100
do
Parkersb’g Br. .50
50
rthern Central
125
.52%
47%
24
i
& Ohio
BONDS.
6s, 1885,x\.&0.
N. W. Va. 3d m.,guar., ’85,J x
N
P
th.& Conneirsv.78.’98,J&.I
N
,hern Central 6s, ’85, J&Jt
do A
6s, 1900, A.AO.) 119
do 6s, gld, 1900, J.&J. 110
Ohio 6s. lBtm.,’90,M.&8.
C
V
Ld. 6s,1st m.,gr.,’90,J.&J. 118
....
1st m., iSiKi, J. & J
j
2d in.,guar., J.& J
'118
2d m.,pref
Jill
> 2d m.,gr. by W.Co.J&.H
)
68. 3d m., guar., J.& J.|l249£
& Cln. 7s, ’92, F. & A ... *122
do
2d, M. & N
86%
>
ilS“
iis 1
>
>
,
.
In default.
do
do
do
do
rfolk water, 8s
RAILROAD STOCKS.
t.& Ohio
rio
1st pref
RAILROAD
13%*
...
6s, *890, quarterly58, quarterly
*S34, quarterly.
6s,i8M>, J.&J
6s, 1S‘.10, quarterly... ;i9
6s, p irk, 1390,Q.—M.
6s, 1 93, M. & S
6s, exempt,’9S.M.&S.
0s, 1900, Q —J
129
6s. 1902, J. & J
120}*
5s, 19.6, new
timore 6s,
B
55
105%
JP
...
*
luylk. Nav.lst rn.6s.rg.,'97.
”*
do
2dm. 6s. ’85..
do
3dm. 6s,’37..
Camden
v.
-w.voap.Va
do
Os ,c-»
mort. 68.’89.
do
115% li
'
Cam. & Atl. 1st m. 7s, g., 1*93
iod
LOO
^do
2d m. cur. 7s, 1879..
Cam. & Burlington Co. 6s,’97:
!!.*
Catawlssa 1st,7s, conv., ’82...
do
chat, m., 10s. ’88
.
102
117
15
RAILROAD BONDS.
Allegheny Val..73-10s, 1896... 123%
do
7s, E. ext.,1910 121
Inc. 7s, end.,’91
do
BelvJdere Dela. 1st m.,6s,1902.
ioo
nnsylvanla 6s,coup., ’.910..
C
•
....
N
a
CANAL STOCKS.
Lehigh Navigation...., ....
Pennsylvania
Schuylkill Navigation
do
pref...
Susquehanna
119
.
do m >rt. gold, ’97—
119
do cons. in.7s, rg.,191!
irrls, boat .oan, reg., 1885..
do
do
do
do
....
04% 64%
2234
j
30 i 30%
.....
j
Philadelphia & Erie
Pnlladelphla & Reading...
Philadelphia & TrentOD...
Phlla.Wllmlng. & Baltimore,
at. Paul & Duluth R.K. Com
do
do
pref.
190
United N. J. Companies
West Chester consol, pref....
90
.
do
do
02
....
....
Norfolk & Western, pref..
do
do
com.
•C7&
ioy
es. & Del
1st m., 6s, 1886
1C7
high Navlga. m.,6a, reg.,’S4
do
mort. HR., rg .’97
1V0
6s, defense, J.& J...
*15% S ryland
do
6s, exempt, 1887
02
57
125
do
2d m. 6s, reg., 1907
BALTIHOllE.
00
1534
25%
6134
55%
pref.
N
£
s
...
'
North
1
....
pref.,
do
....
50%
...
.
do
i
20
57
....
.
do
CANAL BONDS,
....
2634
.
Catawlssa
do
6s P.B.,’%.
do
Allegheny Valley
Buffalo Pitts.
Norristown
200
no
160
123
iio
do conv.
....
i 90
05
1 05
! 104
j 05
i 190
1 110
) 72
100
102
150
100
122
123
.
104
Apr., ’85
net., ’801 107V no
Aug.,
July,
Aug
May,
....
Flint & Pere Marq
101
do
pref
126
Fort Scott & Gulf, pref
93
do
eommor
Iowa Falls & Sioux Cl'y.... / X80
76%
; 75
Little Rock* Fort Smith
Manchesier & Lawrence...
~72
Mar. Hough. A O t
Mar. Hough. & O t.. pref..,
NahsuaA. Lowell
69%
New York & New England., ;
112
Northern of N. Hampshire.
163
Norwich & Worcester
10734
1
’81
Nov. ’80
’HI
July,
July, ’31
1888
July, ’81
July, ’31
Dec. 1902
Aug., ’81
1398
Aug., '81
June, *93
July, ’81
Jan., ’Hi
May, ’81
Apr., ’93
do
cons. mort. 68.1920
po
do
58,1920
i. Newt’n & N.Y.. 1st m.
.& R. l6t in. 6s,ex. due 1910,
do
do
1910
do
2d m., 7s, cp.,93.1
do
cons. m..7s,cp., 1911 no
do
do
reg.,191: 125
do cons.m.6s,g.lRC1911
do imp.m.,6?,g„ C. 1897 i?«
do gen. m. 6i, g.. C.1S03
do In. m.,7s,coup.,’.896.
do deb. coup., 1393*
r.o
c up. off, 1S93.
do
do scrip, 1882.
....
Concord
CITY BONDS.
Penna. 5s, g’d, lnt.,reg. or c
do
5s, reg., 1382-1892. ..
% July, ’81 2334 20
7
J’ly,1900 i 113
115
2
Ju'y, ’81 132 135
7
June ’84 10334 100
334 Aug.
j
87
24
85
23
'
STATE AND
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleecker St. & Fult. Ferry—St’k
152
.
.
110
127
i34
....
Pueblo & Ark. Valley, 7s...
Rutland 6s,1st mort
Vermont ® Mass. RK., 6a
Vermont & Canada, new 8s
....
j
Apr., ’81 125
.
...
Lehigh Valley, lst,6s,cp., 1898
do
do reg., 1898...
\\U\i
.
3
99%
11034
94
..
Ogdensburg & Lake Cn.6J
Inc
Old Colony,7s.
Bui. Ask.
1898
iFeb. ’78
Jan., ’31
Aug., VI
Aug. ’81
3
7
•
PHILADELPHIA.
2H Aug., ’80
7
.
Fitchburg
163
City Railroad Stocks and Bonds.
[Gas Quotations Dy ueorge H. Prentiss, Broker, 17 Wall Street,
Par.
•
.
121
do 2d m. 7s, reg., 1910..
113
do
con. in., 6s,rg.,1923
09
do
do
6s,ep.,19<!8
no
1 Little Schuylkill, 1st m. 7s,’82
no
N. O. Pac., lit m., 6s, 1920
114
h. Penn. 1st m.6s, cp.,’85. 105
113
do
2d in. 7b,cp.,’96.
8034 80%
111
do gen. m. 78, cp., 1903.
do gen. m. 7s, reg., 190:
do new loan is, reg
iio 110%
102
10.
99
70
do
Scrip
Pa.&N.Y.C. & RR.78,1896
do
1906....
iio
insylv.,gen. m. 6s, cp.. 1910
do
gen. m. 6s, rg.,1910. 127
do
cons.m. 6s, rg., 1905.
do
cons. m. 6s. cp., 1905.
do
do
53
135%
109
m. Co ,68. reg
168
107
do
do
4%s....
115
i52% Perklomen 1st m.6s,coup.,’8i 104
.,
Atchison
Boston &
Boston &
Boston*
Boston &
•
110
.
do
7s
Fort Scott & Gulf Is
Hartford & Erie 7s
K. City Lawrence & So. 4s.,
San. City. St. Jo.& C. 11. is.
Little R’k & Ft. Smith, 7s,If t
Mexican Central, 7s
New York & New Eng.63...
do
*
7s
do
Gas Companies.
.
..
210
70
124}*
’
91
.
1.
Connotfton Valley. 7s .. .
eastern, MaBS., 4*8, new.
Old
118
.
H. & B. T. 1st m. 7s, gold, ’90.
do
1st m. 7s, id. g.’89
do
2d m. 7s, gold,'95.
do
2d m.M.8crlp g.,7s
do
cons. m. 78,1895...
CO
do
5S, 1395...
Ithaca* Athens 1st g d, Is.,’90
Junction 1st mort. 6s, ’82
do
2d mort. 68,1900
11734
.
.
290
70
140
103
80
100
124
100
85
|
130
Fitchburg KK., 6s
130
103
1900.
..
Wisconsin Centra;
Gas aud
49
48*
••
Boston & Maine 7s
141^
100
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
SO
50
75
100
100
25
100
100
Bowery
Manhattan*...
Bki.
new7s
Chartlers Val., 1st m.7s.C.,1901
Delaware mort..6s, various..
Del. & Bound Br., 1st, 7s, 1905
East Penn. 1st mort. 7e, ’88
E1.& W’msport, 1st m.,7s,’S0.
do
5s,perp
[100
Harrisburg 1st mort 6s, '83...
ids
..
Ask.
"
America*
Am. Exchange...
German
German
Par.
Companies.
Bid.
Ask.
Connecting 6s, 1900-1904.
...
..
Par.
are
Marked thus (*)
not National.
Bid.
Catawlssa—(Continued)
BOSTON.
122
\tch. & Topeka 1st m.7B—
7s
do
land gr
land in
do
102
Atlantic & Pacific, 0s. .
..
PRICE.
Price.
BBOUBITIB8.
M
do
3s, 3d, J. &
u
dn
t4
■
r» i on
48%
endorsed118
THE CHRONICLE.
280
IVot. XXX III.
New York City Banks.—The following statement shows thecondition of the Associated Banks of New \Tork City for the
week ending at the commencement of business on Sept. 3.
Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are given below. The state ¬
ment includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
“Jan. 1 to latest date” furnish the gross earnings from Jan. i
to, and including, the period mentioned in the second column:
Latest earnings reported
> r—Jan. 1 fo Latest date.—
Average amount of
Capital.
Banlis.
Net dept's
other
than U. S.
Legal
Loans and
discounts.
Specie.
$
$
2.136.000
615,400
Tenders.
Circuit.
tion.
,
Week
Ala.Gt. Southern. Jul}*
or
1881.
1880.
$57,982
1 ,180.000
$47,525
2Jo.
Atch.Top.AS.Fe.Jtme
Bost.ife N.Y.Air-L.July *
Bur.C.Rap.ANo, ,4th wk Aug
Cairo A St. Louis.3<l \vk Aug.
Central Pacific...August—2
Ches. A Ohio
July
1880.
1881.
$333,491
$402,004
747,012
2.000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000.000
1,000.000
1,000,000
1,000,01)0
000,000
300,000
New York
Manhattan Co...
Merchants
........
........
159,149
158,870
20,184
51,430 1,380,496 1.285,940
78,892
244.324
259,468
10,024
8,07 2
059,000 1, 973,437 14,807,926 12,318.190
238.230 1,524,387 1.497,272
22.5.090
177,790 4,093.028 ‘4,891.180
180,955
25.300
Mechanics’
Union
America
Phoenix.
City
9,831.00(1
7 686.*" 10
32-.80J
$
280,000
108,-00
725,600
459,00(J
535,000
1,408,.100
556,500
7,787.200
1,100
877,000
3,709,600
385,300
331,200
3,45L,t:00
454,900
597,3 00
56,800
241,000
55.900
158.500
380,000
3,-34.000
9,832,900
1.945.700
1,449,300
13,795.200
28?’ti6o
7.033.000
7 6,40c
8.3J9.00U
5.-0,9.500
1,131.O0U
10.0S6.500
3.590.000
8,273,!: 90
3.240,300
1,814.-00
13,274.000
4,. 06.300
f
$
9,223.000
5,730.900
495 000
5,792,800
360,000
7.173,000
4,288.800
799,800
Tradesmen’s
Chicago & Alton .4th \vk Aug
Chic. Burl. A Q... June
S ,083.802 1 ,082,956- 9,098,540 9,059,005 Fulton
Chemical
30,579
44,008
Chie. A East. Ill..3d wk Aug.
425,100
3.699,400
435,o66
Merch’nts’ Exch. 1,000.000
27,985
29,998
Chic.* G.Trk.Wk. end. Aug.27
64.100
2.645.0UU
4.631,500
787.566
325,004 10,307,000 7,405,470 Gallatin Nation’l 1,000,000
285,309
1.069.100
40,800
1.430.100
Chic. Mil. A St. P.Ltliwk Aug 000,000
234,500
300,000
Butchers’X Drov.
126,000
1,011,000
128,000
1,024.06:)
174.000
Chic. A North w.. August.., A ,201,207 1 ,707,939 13,232,032 11,957,023
200.000
Mechanics’ A Tr.
19.400
9.83,200
148,10(1
224,737 2,309,223 2,070,425 Greenwich
927,200
257,700
2,700
Chic. 8t.Li.it N.O. August....
200,000
490,500
2.251.100
2.968,400
76,600
479,100
90,095 2.410,003 1,824,145
600,01,0
Leather Mun’f’rs
Chi.St. P. Min AO.. 4th wk Aug 130,292
10(1,900
90,500
989.600
i.0o7,?U0
33.300
407,228
590,406
300,000
14,382
Seventh Ward...
20,224
Chic. A W. Mich ..1st wk Aug
5;4,100
3,3o?.000
3.624.400
86,200
3,500
800,000
State of N. York.
178.801
204,138 1,247.047 1,287,931
Cin. Ind.St. L. AC. July
425,000 10.613.000
13,895.000 2,2-9.000
American Exeh.. 5,000,000
591,352
015,849
28.500
20.781
2.896.100
693,000
8,580,700 1.042,666
Cin. <t Spring!. ..4th wk Aug
5,000-;000 10,947.101
154,845 2,899,883 2.800,041 Commerce
?23,3uU
5.496,900
155,800
3.914,800
900.000
Clev. Col. Cin. <t I.4tli wk Aug 142,302
Broadway
1,000,000
1,311.400
6.8U3.500
6.818,0,00
352,500
209,250
8,983
250,004
800,000
7,700
Clev. Mt.V. A Del.3d wk Aug.
Mercantile
1,000,000
322.100
114,500
2.488.900
2.414.500
50,000
47,000
Paeitie
422,700
Col. AHock. V., Ac. 1 st wk Sept
549.400
214.500
3.153,900 U13.200
6,044,800
80,517 3,858,428 1,910,007
1,500,000
Republic
Denver A Rio Gr 1 st wk Sept 138.092
545,500
3.425.400
45.000
167,300
3,340.000
174.597
450,000
Chatluim
213,075
0,583
13,353
DeeM. AFt.Dodge.2d wk Aug.
93,600
79,200
1.622.000
1,543,2 jo
5,400
200,000
703,500
21,908
633,014 People’s
24,402
2 960.300
259,000
Det. Lane. & No.. 1st wk Aug
275,000
3.013,500
North America..
700,000
34.299
23,720
070,808
041,279
785,3b0
7,333,400
7,682,0m
i
797,000
1,001,200
DubuqueitS.City.3d wk Aug.
Hanover
1,000,000
524.500
185,200
2,841,400
254,000
220,000
417,000
3,033,2oo
EastTenn.V.AG .August
500,000
Irving
158,000 ’.4.105,000 2.250,000
44,093
987,092
57,000
1,199,671
3,000.000 16.275.000 3,446,000
Flint & Pere Mar.4tli wk Aug
Metropolitan
2,077. loo
269,100
206,500
2.012.200
270,000
600,000
21,170
20,199
Citizens’
Gal.Har.A San A. 1st wk July
319.200
53,400
2,794,400
3.018.700
Nassau
1,000,000
101,439 3,449,482 3,261,025
Gr’t Westei n.Wk.end.Sept. 2 100,807
149.800
484,000
450,00*0
2,512.200
3,027,3oc
500,000
Market
5.000
0,400
Gr’ii Bay A Minn.3d wk Aug.
56.500
448.500
317.V0O
i,487.7()C
1.904,600
500,000
3t. Nicholas
71,798 1,425,700 1,598,947
66,241
674,000
114.100
3.119.500
450,000
Hannibal A St. Jo.4thwk Aug
3.233,Ooo
500,000
Shoe & Leather..
53.831
50,000
3.092.000
4,600
9,171
78,533
4*4,000
12,520
4,252,900
Houst.E. AW.Tcx. July
Corn Exchange.. 1,000,000
129.500
1.172.30U
7,455,000
763,200
7.508.80C
104,3 35 2,277,338 1.977,892
Continental
l,000,0i(0
Houst. A Texas C. 4th wk Aug 111,784
372,100
1.992.2nn
23.000
1,822,200
300,000
594,946 4,119.047 4,082,440
Oriental
049,984
IllinoisCen. (Ill.).August
165.000
4.0(5.090
753,('Ou
45,000
3,444,06b
400,000
Marine
137,809 1,089,838 1,078,446
Do
(Iowa). August — 182,402
ooo.lbO 24.416,000 1,111,100
22,177,000 5.882 200
1,500,000
Importers’
&
Tr..
31.S23
789.872
32,998
780,394
4839200
Indiana Bl. A W..4thwk Aug
21.375.20C
45,000
Park
2,000,000 17.98 >.000 4,369,800
9.80u
25,798
23,645
731.400
207,809
Do Ohio Div.4th wk Aug
l.l 0?, 00
500,000
Mech. Bkg. Ass’n
325.085
104.306
203,385
21.500
1,735,000
64,944
51,184
1.050.200
Ind. Dec. A Sp...August
240,000
North River
00.009
782.906
224.500
109.300
50,233 1,598,035
1.09),500
97.430
978,392 East River
250,000
lnt. A Gt. North..4th wk Aug
699,700 19,100.600
808,500
73.531
Fourth
National.
3,200,000 19.-59.5jC 4.24O.900
89,918
Iowa Central
June.
8.912.000 1.287.000
495,000 1 429.000
8.449,000
2,000,000
20,432
83S,497
650,934 Central Nat
28,500
K. C. Ft. S. A G ul f. 1 st w k Aug
3
290.009
585,00u
OJ5."00
45.000
3.164.0 JO
300.000
850,109
29,542
605,102 Second Nation’l.
30,725
233,709
Lake Erie A West.3d wk Aug.
579,700
1,494.000
6,7.86,400
6,592.400
Ninth National..
750,000
173.178
107,928
32,027
270,300 17.602.100
33,743
442.100
Louisa. A Mo. R..May
500,000 16.030,509 4.015.209
First National..
254.5 )0
7.2’.0.400
257,500 7.181,910 5.G50.833
6.GS5.200 1.540,700
Louiev. A Nashv. 4th wk Aug 310.300
Third National
1,000,000
102.000
270,000
202,100
1.25-2,200
1.554.200
641,202
20,955
752,051
20,155
N. Y. Nat. Exch..
300,000
Memp. A Chari... 4th wk Aug
210.009
225.900
164.000
1.473,000
1,7 20.5JO
250,000
140,058
125,049
4.594
3,813
Bowery National
Memp. Pad. A No.3d wk Aug.
J
389.70
40,800
1,«}-‘8,1(J0
180,000
1,430.900
N. York County..
290,000
10,750
349,577
23,403
247,118
Mil.L. Sli.A West.4th wk Aug
2.350 30c
34.20.(
459,200
2.481.00
Germ’n Amerie’n
750,000
413.911
58.527
30,001
049,080
Minn. A St. Louis.2 wks Aug.
5 470 8JO
I93,80i
91,8-0
300,009
4,-32,800 1.138,1JO
Chase National..
157.083 4,705,250 3,032,487
1 9 55 9 0
145.9.n«
315,100
tMo. Kans.A Tex.4tli wk Aug 201,911
100,09(1
1,856,600
Fifth Avenue...
15 1,6 )<
1.439,8.10
17,3 )0
126,30 4
20 >;000
1.31'»,7o.
German Exch.
Missouri Pacific .3dwk Aug. 105,387
1 516,200
196,30
90,600
140,593 1.412,799 1.285,922
1.288,500
200,000
159,348
Germania.:
Mobile A Ohio
August
449.500
4,812,000
76,900
946,700
500,000
U.. S. Nat
4,776,406
151,594 1,229,053 1,170.274
150.130
Nashv. Ch.ASt.L, July
,794.982 1 ,001,812 9,997,393 9,091,004
Total
337.207,2) 62,343,800 15,617.9)0 515,927,200 79,683.200
210.257
241,822
2,070.800
309,110
2,211.531
488,440
N. Y. N.H.AIIart.June
The deviations from returns of previous week are as follows:
422,057- 433,538 3,150,054 2,355,103
N. Y. Pa. A Ohio. July
Loans
and discounts
Dec. $6,102,400 | Net deposits
Deo. $7,791,100
1.357,999
1,228,010
179,947
Norfolk A West.. .August— 190,082
102.400 I Circulation....
92,800
Ine.
....Inc.
450,298 3,102,077 2,000,083 Specie
440,811
Northern Central. July
503.000 i
Legal tenders
Dec.
50,408
77.380
Northern Pacific .3d wk Aug.
The following are the totals for a series
Ohio Southern
4th wk Aug
7,111
L. Tenders.
Loans.
Deposits. ' Circuhition. Ag j. Clear
Specie.
Oreg’n R.*Nav.Co. August
450,100 313,230 2,010.977 2,087,292
$
$
315,426
230,781
*
$
7,979
$
*
1881.
Pad. A Elizabetlit.3d wk Aug.
10,057
r
........
........
....
.
•
•
■
.
.......
••••••
.
....
.
..
.
..
of weeks past:
3,780.418
Pennsylvania ....July
PeoriaDec. A Ev.4thwk Aug
30,014
291,009
Philadel. A Erie.. July
Phlla. A Reading. July
308,099
1,835,725 1,282.835
St.L.Alt.AT.H. ..3dwk Aug.
24,130
31,798
Do
(brelis).4th wk Aug
20,340
20,129
Bt.L. IronMt.A S.4thwk Aug 140,177
97,975
Bt.L. A San Fran.4th wk Aug
St.P.Minn.A Alan.4tli wk Aug 124,700
Soioto Valley
4tli wk Aug
18,474
South Carolina. ..May
00,195
Southern Pacific.Alay
508,000
Texas A Pacific ..3dwk Aug.
79,177
Tol. Delp. A Burl.August
05,247
Union Pacific
2,638,059
August
Wab. St.L. A Pac.4th wk Aug 419,248
*
5 per
cent basis in 1881; G per
i Including leased lines.
Mar. 19... .300,177,300
26... .300,622,090
3,449,044 25,334.257 22,883.715
203,735
13,808
430,570
**
910.070
477,492
863.093
428,S77
143,S16 4,491,44L 3,017,010
92,947 2,000,370 1,598.230
04.200 2,750,722 1,942,720
9,770
253,609
201,000
58,113
513,024*
457,160
445,958
2,015,300
1,811,707
54,293
20,100
2,198,087
1,494,202
1,913,035 10.G9G.007 14,295,394
328,330 8.901,855 7,501,201
Brooklyn Elevated....
Boston Air Line, com.
24
Continental Constr.Co. 80
Central Railway Conetruct’n Co. (D.L.W.) 29
Ciu. A Georgia subs...
Deuv. A R.G.subs,new Ol"
Do
subs., old... 13
Des Mo. A Ft. Dodge..
..
Do
pref
Edison Electric L. Co.950
Edison Ore Alill stock.
Gr. Bay A Minn. st’k.. 1334
Grand Rapids A Ind.. 10
I. C. A L. assented st’k
1-8
Do
old stock
*8
International Imp. Co. 15
Iron Steamboat Co.... too
90
Do.
1st mort
Kan. A Neb. 1st mort.. 80
30
Do.
2d mort
Keely Motor stock
Lebanon Springs lsts. 21 ‘
Lehigh A Wilkesbarre.
Mid.RR.of N.J.ass.stk. 28
Do.
A stock—.
B stock
Do.
Mexican National subs 10
Mexican Nat. bonds... 09%
25
Do.
stock
Premium.
t Discount.
Bid. Asked.
20
83
North River Const.Co.
26"
*31
*27
*21
20
40
.
13•r>e
Newburg D. A C. incs
Do.
pref. stock
N. Y. Cli/A St. L. subs.
15
Oregon Imp. Co. 1st M. 95
Oregon Imp.Co. stock. 90
Oregon Trauscontincl 70
t %
Oregon S. L. subs
171*2
3 312
Ohio Central subs
Pacific R’y Imp. Co..*250
Richmond A Alleg.sub.420
RocU’r A Pitts'g rig’ts
Do for Coal Co’s stk
So. Carolina RR. stock 41
2d mort
Do
70
Do
non-mort..
0
Selma Rome AD. 1st 31.
5
Do
2d M. stamp
2d 31., clean
4
Do
incomes....
Do
3%
Do
stock
St. Jo. A West, stock.. 15
St. Jo. A Pacific 1st M. 85
Do
2d mort
Scranton Construction
to
75
35
Texas,St.Louis RR.sub 94
U. S. Electric Light Co.150
Vicksb. Mer’u cbm. st’k. 13 *2
1.000
120
14^
18
1^8
'20
.
37
7*2
24
35
34
,
44
,
.
kk
Unlisted Stocks and Bonds.—The following" are the re¬
ported quotations for securities that are notlisted” at the
Stock Exchange:
Mut. Union Tel. subs.. 92
Do
stock
M. K. A T. scrip
.Missouri Pacific rights * 1 %
N. J. Southern
158
N.Y Loan A Imp. Co. 75
N. O. Pacific subs
221*2
..
,
cent in 1880.
Bid. Asked.
'50
Am. Cable Constr. Co. 50
*
120
Am. Railway Imp. Co. 110
112
Am. Sp. Teleph’nc Co.
2
1-4
Bost. II. A E., newst’k
Do
old stock....
2
.300,28-, 100
9... .305.244.400
16... ,.396,383.400
“
23... .305,717,600
4k
30... .304,135,200
7... ..310,-50.000
May
44
14... .317,730,900
kk
21... .324,192,800
“
28... .332,025,700
June 4... .341.091,900
11
,.347,494.900
kk
18... .346,506,600
kk
25... .345,490.700
.2... .350,491,100
Ju’y
“
9... .352.856,800
kk
16... .348.744,400
23... .349,240,500
30... ..349,188,400
Aug. 6... .350.624.KK)
13.....351,024,700
kk
29.....3 49,5 42, SCO
44
27... .341,369,600
Sept. 3... .337,207,200
April
2,083,497
2,014,090
95
.A
$
QA
oU
**
.
“
on.
WO
142
75
Par
225
400
Par
Par
45
123
70
S
0
5
4
20
95
40
*15
90
250
30..
June 0..
13..
kk
20..
44
27..
J uly 5..
11
18..
“
25..
Aug. 1..
8..
44
15..
kk
21..
•i
29..
Sept 6..
••
30
14
4')
15
*30
282,788,500
10.709,000
288,821,100
10,880,200
$
*
150,124.100
151,004.400
152,840,300
153.293.400
153,957,^00
15 *,637,000
0,678,700
7,503,700
7,964, 200
7.855.900
8.2-3), 100
8.457,100
160,707,100
161,588,860
163,121,500
8,857.000
103, *45,500
10,.345,300
9,111,900
9,848,100
164.264,800 10,083,000
165,305,500 10,192,490
105,169.500 - 9,132,0)0
8,712.500
166,110,700
8,300,700
1*54.503.800
7,954,400
162,405,700
17.217.400
292.653.000
294,536.300
305,0:33,900
31(5,818,400
18,600,100
18,004.200
18,596,900
320.011.700
332.182.800
19.135.300
19.301,200
812,503.681
774.684.705
950,446.299
815.ii34.4S2
724,1/9,359
978.203,384
87.9,802.835
1144.470.789
1078.352.065
1212.647.632
1198.726,141
339.543.001) 19,263,300 919,391,800'
345.643.200 19.230,100 978.180,859
344,307,600 19,305,300 1019.215.C91
313,640,800 19,144,300 953,507,150
346,406,400 19J 76,300 914,724,597
349,843.000 19,149,200 851.848.902
351,199,500 1 (‘,181,300 844,816.881
352.058.800 19,185,300 934.014.125
351,777,900 19.212,900 932.738,326
347,34 2,700 19,300.090 847.03 ,613
342.722.400 19,436.090 025,043.774
334,795,600 19,500,000 825.491.352
323.731,309 19.590,900 859.307,412
315.927,200 19.683,200 857.413.2.4
10.931.800
16.060,000
15,92 7,000
1\8 42.800
16,210,900
15,617.900
the totals of the Boston
Deposits.* Circulation. Ago. *Clear
*
$
93,513,900
30,997,100
101,6 >1,500
106,244,700
104,751,500
3.174.500 114,538,700
3.012,900 110,102,600
3.577,000 112,963,200
3.295,000 113,195,800
3.309,300 114,086,000
3,704.200 114,558,903
3.797.700 113 853,900
3.2 8,700 114.454,400
3.116,000 111,853,400
3.123,000 110,450,000
3.259.800 100.864.900
3,059,300 103.330,500
30,4 76,500
2,938,200
3.294,700
3,380,100
8.328,50(4
30,822.700
30,984,600
92.454.590
96.831,371
92,862,S18
87,608,568
30,715.200
83,934,803
31,491.900
31,439.100
31,623,590
31,071,500
31,553,690
80,862,054
75,805,9(4)
80,105,250
8S.471.027
30,773.109
30,942,100 104.789.730
83,072.711
30,961,500
91.080.405
31,074.000
83.524,377
31,226,100
7,-(,230,456
31,376.600
74,392.983
78,460.631
Philadelphia Banks.—The totals of the Philadelphia
are as
follows:
1881.
May 23
30
Jun^ 6
13
ik
2u
ik
27.....
July 5
Loans.
$
k
.
.
11
IK
ii
.
..
44
141$
275,495.400
10,030.500
10,713,509
Including the item “ due to other banks.”
*
*
*■
15,771,100
275,536.500
L. Ten iers.
8
Specie.
Loans.
1881.
May 21..
2
81,043,400
76.5tn.900
71,841,100
07,138,400
02,151,400
62,348,800
277,931,600
Boston Banks. —The following are
banks for a series of weeks past:
....
....
13,241,200
12,934.500
12,710,500
12,472.700
02,m1 9.300 13,428,600
66.804,200 14,413,200
69,289,400 15.7m4.700
73,346,500 16,024,600
76,887,700 17,134,100
80.518.500 17,873.000
79.134,800 18.033,300
76,052,100 18,323,300
76,902,800 18,313,300
75,611,000 18,474.300
77,091,500 18,092,900
76.415.600 17.112,300
77,728,500 16,284,300
81,946,900 17.05S, 700
81,491,400 16.752,000
59,532.000
57,(563,900
57.611,000
60.429,600
25
Aug. 1
8
it
15
ik
22
k«
29
Sept. 5
.
....
...
.
..
..
....
...
L. Tenders.
$
74.542,679
75.349,4 -9
76,012.504
76,471,207
77.951,686
21.210,584
23.174.3 23
23,720,055
23.250,367
21.920.180
78.186.840
21.9.31.020
78.184.995
21,530.248
21.913,714
22.813.405
5:2,604,004
22 860,929
22.498.n00
21,917.747
77.761.819
77.304.707
77.740,554
78.297,882
78.600,946
79.014,473
79.149.422
79,999,12.3
80,431,709
21.423.972
20,630.392
20,077,783
Circulation.
Deposits.
£
*
$
70,497.536
74,588,603
74,962,014
’74,003,519
10,219.090
74.501.779
74,343.655
74,019,912
74.208.993
75.130,754
74,510 05 5
10.473.674
10.447.158
10,237,440
10,243.210
10.470,009
10,408.727
10.319,S70
10.282,771
76 008,800
74,010,257
74,004,227
73.508.383
73,107,807
73,125,221
-
banks
Ago. Clear.
56.165.828
52.214.653
55.420.648
62.570,680
60,077.048
55.580.070
61,329.568
50.871,030
50.750.355
10,325,587
10,870,824
49.336,800
46,443,957
10.502.083
10,515,478
44,048,755
10.595,423
10.533.971
10,667,735
51.846.759
48.449.136
47.663.4S2
48,864,672
September
THE CHRONICLE.
10, 1881.]
Lands contingent
$47,495— $630.389'
Cash, land notes, <fcc
45,057
Sinking fund account, first debentures
132,000—
-Current Assets and Accounts—
AND
Cash in
STATE, Cm AND CORPORATION FINANCES.
Investors’ Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the last
Saturday of every other month—viz., February, April, June,
Auqust, October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at §2 per copy.
~~
REPORTS.
Mobile & .Ohio Railroad.
(For the year ending Jane 30,1831.)
From advance sheets of this company’s thirty-third annual
report, covering the fiscal year ending Jane 30, it appears that
the total number of miles owned and operated during the year
was506. The report of W. B. Duncan, Esq., President, says :
In addition thereto, the Mobile & Ohio Railroad Company
is the owner of the entire capital stock of the Kentucky & Ten¬
nessee Railroad Company (Cairo extension) in process of con¬
struction and to be opened for traffic in the early autumn,
extending from a point in East Columbus two miles* from the
Mississippi River, to East Cairo, on the Ohio River, opposite
Cairo, a distance of twenty-two miles to foot of incline. This
extension will, when completed,.be operated as a part of the
main stem of the Mobile & Ohio Railroad. The total number
of miles of track (including the Cairo extension) to be main¬
tained amounts to 575 miles.” * * * ‘‘Of the 494 miles of
main line, 251 miles are laid with steel rails (including the
Cairo extension), leaving 243 miles of main line, and 34 miles of
branches and 47 miles of sidings laid with iron rails, much in
excellent, most in good, and all in safe, condition.”
The capital stock and funded debt remain substantially as
last year, and as shown in the tables of the Investors’ Supple¬
treasury, &c
Current accounts, balances for collection
Funds on special deposit for matured coupons
Materials on baud
Stocks and bonds in treasury
The
ANNUAL
281
$80*7,446
297,484
128,204
24,039
327,755
19,457
—796,940
$22,416,668
Liabilities.
Capital stock—53,206 shares, $100 each
$5,320,600
Funded debt
Current Debt-
16,250,000
Pay rolls, audited June account
Bills audited June account
:
Foreign railroad balances
Interest coupons matured
Interest on first mortgage bonds accrued since
June 1,1 SSI
Sundry Prolit and Loss Accounts—
Profit and loss accouut, general
Protit and loss account, special
Profit and loss, account, land department
$60,114
59,194
7.738
24,039
35,000—
410,796
153,040
96,144—
186,087
.
659,981
$22,416,668
“
GENERAL INVESTMENT NEWS.
Chicago Burlington & Quincy.—This company has called
special meeting of its stockholders to receive authority for
the proposed extension of the company’s lines to Denver, or in
the terms of the circular “for the purpose of considering plans
for promoting by lease or otherwise certain extension of lines
in tne interest of this company, and for
consolidating with the
same and with other lines leased
by this company or extensions
a
thereof.”
Cincinnati Southern.—The Sinking Fund Commissioners of
Cincinnati have unanimously confirmed the action of the South¬
ern Railroad trustees in leasing to Frederick Wolfe, for
twentyfive years, the Cincinnati Southern Railroad. The lessee, who
the Erlangers, has agreed to deposit half a
bonds, under clause 5 of the proposed lease, and to
ment.
give a mortgage of the rolling stock. His bid for the five
“
The physical condition of the roadway, bridges and trest¬ periods of five years each was as follows: First period,
§4,000,les has been not only maintained but improved. During the 000; second, §4,500,000; third, §5,000,000; fourth, $5,450,000;
fifth, §6,250,000; total cash, §25,000,000; total compounded at 4
year 1880-81 there has been expended on roadway, &c., the
sum of $476,307, an increase on the preceding year of §54,519.
per cent per annum, §40,244,197.
Possession will probably be
The motive power is in good serviceable condition. The pas¬ given on Oct. 1. The Cincinnati Southern will thus become a
senger equipment has been increased by two first-class pas¬ part of the system of which the Alabama Great Southern is the
senger coaches and one baggage and mail car.
The freight main line. To a Cincinnati Commercial reporter Mr. Wolfe said
equipment has been increased by 62 cars and the construction he would go to New York to complete his arrangements, and
return to organize the company, and be ready to take posses¬
equipment by 12 cars.”
The Cairo extension is nearly completed.
“ A transfer sion on the 1st of October, as required by the terms of the
steamer, first class in every respect, has been built for and pur¬ lease.
John Scott of the Alabama Great Southern would
chased by the road, and ample property has been secured in be general manager. Hon. Theo. Cook, it was almost
settled,
the city of Cairo for the erection of terminal facilities. The would be President, and Cincinnatians would be allowed a
Wabash St. Louis & Pacific Railroad has within the last few liberal representation in the
company. Indeed, there was al¬
months purchased a controlling interest in the Danville &
ready a demand for stock exceeding the supply. The Erlan¬
Southwestern and Cairo & Vincennes Railways, and most satis¬ gers had called a
meeting of the companies composing their
factory results are anticipated from close business relations syndicate for Tuesday next, to ask their acquiescence in the
with this enterprising and prosperous company.
Wolfe bid. As the Erlangers were themselves the majority
“
The sale of lands has been in excess of any previous year, stockholders, the result was a
foregone conclusion.
and the outlook in the future is still more encouraging. Dur¬
—The first step in the proceeding to transfer possession of
ing the year §35,880 from the proceeds of lands sold has been the Cincinnati Southern Railroad to lessee Frederick Wolfe
applied to the purchase of §42,000 first debentures for account was taken Sept. 8, by the filing at Columbus, Ohio, of a certifi¬
of the sinking fund.”
cate of incorporation of the Cincinnati New Orleans & Texas
Gross earnings and expenses for year ending June 30, 1881, Pacific Railroad
Company, capital stock §3,000,000. The incor¬
compared with the preceding year, were as follows :
porators are Frederick Wolfe, Montgomery, Ala.; Charles A.
GROSS EARNINGS.
Page, Boston; Theodore Cook, Edgar M. Johnson, Aaron W.
1880-81.
1579-80.
Goldsmith, Cincinnati.
Freight traffic
$1,791,502
51,772,984
Cleveland Columbus Cincin. & Indianapolis. -Cincinnati
Passenger traffic
416,126
398,216
Mail service
Hamilton & Dayton.—At Cleveland, 0., Sept. 1, the stock¬
36,555
27,356
Express service
46,780
47,699 holders of the C. C. C. & I. Railway Company voted to agree to
Miscellaneous
86,852
38,368
represents
million in
a
Totals
$2,377,817
,
£2,284,615
Equipment
$575,815
$518,203
303,263
476,307
207,099
421.78S
Roadway
General
Totals..
A Cincinnati Gazette dispatch reports that “ 118,617
represented. But 63,739 voted, how¬
ever, and but thirteen ofjthe lot voted against the combining.
Nearly all the 54,878 shares of stock which did not vote is
owned by capitalists in England, and, as it is now under litigation,
of the 150,000 shares were
GROSS EXPENSES.
Transportation
consolidation of that road with the Cincinnati Hamilton &
Dayton.
351,603
168,054
it could not be voted,
There is
no
doubt of the desire of this
portion of the stockholders to perfect the consolidation. The
Net earnings over
new line will be chartered under the title of the Ohio Railway
expenses
$815,330
The following statement shows briefly
and articles of incorporation will be filed immediately.
Company,
the income a3count for
the year
The new capital will be $20,000,000, and the stockholders
ending
June
30, 1881:
Gross earnings
$2,377,817 expect dividends of 1/6 per cent quarterly.
Gross expenses
1,562,486
—The following information regarding the business of the
Cincinnati Hamilton & Dayton Railroad has been received from
Net earnings for 1880
$815,330
$1,562,486
$1,459,619
$824,965
Add balance from 1879-80
Less interest
Balance
of
on
iqoo
aooZ
income
$410,796
as
follows:
($1,850,000) 2d preferred income
on
i( del)eim,rc9, payable February
.
and*
$371 000
sinking
$37,000
1, 1S82
auipius to credit of earnings for 1881-2
$2,799
CONDENSED BALANCE SlIELT JUNE
30, 1881.
Fixed Investment—
Land
l)roPerty, main line, branches, equipment, <fcc.... $20,812,281
Department—
Arable and timber
lands, town lots,
&c
‘
-
the office of the State Commissioner of Railroads and Tele¬
graphs :'
Total earnings
For last year
for
year
ending June 30, 1831
,
Increase
Total operating expenses, 1881
Total
($5,300,000) 1st preferred income and sinking
on
e )entures,l>avable September 1,1881, and February 1,
2 per cent
«..
$830,796
420,000
($7,000,000) 1st mortgage at 6 per cent
Appropriated
7 per cent
15,465
operating
expenses,
Increase
The net
earnings this
cent of stock and debt
and debt for last year.
1880
$1,094,496
1,023,500
$70,995
619,394
583,595
$35,798
year were §475,101, being 7 45-100 per
against §439,904 at 6% per cent of stock
Indianapolis Peru & Chicago.—At Indianapolis, September
transfer of the Indianapolis Peru &
Chicago Railroad to the Wabash St. Louis & Pacific Company
took place formally. 4 A circular from General Manager Gault
of the Wabash, states that the Indianapolis Pern & Chicago
1, the long-talked-of
Division of the Wabash St.
Anderson general superintendent,
has been attached to the Eastern
Louis & Pacific, with Peter
taming to the State railroad bonds, the legislative provision for
their payments, and the 1860 amendments to the State Consti¬
tution, not being ready for promulgation. It is impossible to
headquarters at Toledo.
when this opinion, which promises, to be an exhaustive and
Manhattan—Metropolitan—N. Y. Elevated—The report of say
most important document, will be finished.
Chief Justice
Messrs. Dillon and Hopkins, the Receivers of the Manhattan
Grilfillyn ~is hard at work upon it, the Associate Justices advising
Railway Company, in the case of the suit of the people against and consulting with him. Judge Young of Minneapolis, Presi¬
that company, was sent to Judge Westbrook last week. This
dent of the commission, was informed on Saturday last that the
report, without the schedules and explanatory documents, was body of which he is head need not meet to-day, but could be
as follows :
called together as soon as the decision was ready.”
“We respectfully submit the accompanying documents giving
New York Elevated.—At a meeting of the stockholders of
statements of the business of the Manhattan Railway Company
this
company Mr. Cyrus W. Field said that he would not
from February 1, 1879, to July 14, 1881, and its financial con¬
resign
his position as President until the pending fight for
dition at the last-named date, together with schedules of the
regaining
property turned over to the Receivers. The Receivers, under would. Mr.possession of the property was finished. After that he
Hopkins, the Receiver,wrote, in a letter to Mr. Field:
the order and appointment of this Honorable Court, assumed
control of the Manhattan Railway Company July 15, 1881, since “With these large expenditures in view, the necessity of in some*
way increasing the revenue of the roads is apparent. I am
which date the accounts have been kept in their names.
informed that the amount charged for fares is less than the
During the period embraced in the statements, the earnings
of the two companies, as shown by the books of the Manhattan, amount allowed by law, and I can see no other way of raising
the revenue of the companies except by charging the fufl
have been as follows :
New York.
Metropolitan. amount legally allowed, and if this does not produce revenue
Gross earnings September 1, 1879, to July
enough to take care of at least the interest on the bonds, I
$4,939,491
$4,213,677 think we should add enough more to cover the amount which
14, 1881..
Operating expenses
2,901,699
2,640,454 has been assessed as taxes. The fares
charged over these roads,
*60 n^7 vo9
^70 909
though the cost of their construction, maintenance and opera¬
Net earnings, Feb. 1 to Aug. 31, 1879
' ’324,968 tion has been and is so far in excess of that of any other line,
642,090
Net earnings
$2,679,882
$1,898,191 are less than those charged for like service by any transporta¬
2,679,882 tion company in this or any foreign country.
I find the
amounts received by the Manhattan Railway Company for the
Both roads
$4,578,073
past 332 days have averaged just 7 cents per passenger. The
Add amount of accrued operating expenses and other
following comparison of charges made on the elevated roads
charges allowed for in operating account, less amount
and other roads where a great many people travel will illustrate
Said,
seal applicable
to included
operatingin the
expenses
year and not
above from balance of
49,704 this point: From Rector street to 126th street, 8% miles, your
with
.
Total net earnings
$4,627,778
Receipts from sale of Metropolitan Railroad Company bonds,
old material, equipment, Ac
5,913,991
$10,541,769
10,455,749
The total disbursements have been
Balance cash on band
The liabilities of tbe Manhattan Company, including $13,000,000 capital stock, are
Tbe assets, including tbe two leases, valued at $13,000,000,
are
-
$86,019
tariff is 10 cents, and 5 cents in commission hours, while by the
Pennsylvania Railroad the fare between New York and Newark
—the same distance—is 20 cents;
not in excess of the rates charged
also quote
the following rates:
-
Cents.
14,110,674
New York to Rutherfurd Park, via Erie
New York to Bergen Point, via Central of New Jersej', 8 miles
New York to Jamaica, via Long Island Railroad, llkj miles
13,383,355
Fordham, via New York and Harlem, 9 miles
Inwood, via New York Central, 9 miles
Mount Vernon,
Deficiency July 14, 1881
Tbe contingent liabilities are: Unpaid taxes in dispute, less
amount deposited with United States Trust Company
and to show that the latter is
by other surface roads, I will
$727,318
703,832
Deficiency, including disputed taxes
$1,431,151
The liabilities include $480,646 due to the New York Ele¬
Mr. R. M.
via New York New Haven A Hartford, 11 miles
30
25
30
15
20
35
Galloway, President of the Manhattan Company, also
says : “ Since this property has been in your charge as Receiver
we have carried 9,573,400 passengers.
"The operating expenses
The fixed charges, as
per passenger have been 4 14-100 cents.
per leases, are 3 65-100 cents per passenger, and the taxes per
passenger are 83-100 cents, making the total cost per passenger
carried 8 62-100 cents. The average fare received for conveying
these passengers is 6 81-100 cents, thus leaving a net loss of
1 81-100 cents on every passenger carried.
The operating
expenses have been reduced to as low a degree as, in my judg¬
ment, is safe for the lives or the passengers, and I do not know
in what way they can be further reduced.”
Company and $578,242 to the Metropolitan Elevated
Company.
There are also claims in litigation amounting to $978,871, of
which $302,175 are for alleged damage to property; $250,000
for alleged infringement of patent; $5,700 for breach of con¬
tract and $420,996 for personal injuries, assault, detention.
The amount of capital stock, $13,000,000, is represented in
the assets by cost price of the leases, that amount in stock
New York Susquehanna & Western.—In May last the New
having been divided between the two lessor companies, or their Jersey Midland, the North New Jersey, the Paterson Extension
stockholders,
consideration for
vated
the leases.
as a
No money was
and the
Pennsylvania Midland railroads consolidated under the
account of the capital stock.
name of the New York Susquehanna & Western Railroad.
Mr.
The report of the consulting engineer, S. H. Shreve, givos
Richard P. Terliune, one of the stockholders in the New Jersey
the result of his investigations of the condition of the elevated Midland Railroad, who
was opposed to the consolidation,
railway structures, after a close examination extending over
applied to Vice-Chancellor Dodd for an injunction to restrain
several months.
the company from issuing the bonds. The Vice-Chancellor
To confirm this report, the Receivers employed Mr. Isaac
refused the application, and the company gives notice that the
Newton, Engineer of the Department of Public Works, and his new stocks and bonds will be issued as per the circulars of July
report confirming that of Mr. Shreve is also filed. The work 30, 1881. By those circulars notice was given that preferred
which these reports call for will cost about $175,000, and the
Receivers respectfully ask for authority to make this expen¬ capital stock of the New York Susquehanna & Western Rail¬
road Company should be issued to holders of stock of the Mid¬
diture. Notithstawnding the necesity o'f these repairs, the
land Railroad Company of New Jersey, on surrender of their
report of the consulting engineer concludes as follows :
certificates, share for share. Holders of the junior securities of
As the general result of my investigations, extending over a
the Midland Railroad Company of New Jersey have the oppor¬
space of some months, and from my knowledge of the struc¬
tures when they were erected, it gives me pleasure to be able to tunity of exchanging their several securities into the new com¬
mon stock, upon the following basis: Income bonds, class “ A,”
say in concluding this report that they are in better condition to be
exchangeable into common stock, dollar for dollar. In¬
and safer to-day than when first operated. There are no signs
come bonds, class “ B,” to be exchangeable, at par, into the
of deterioration of the iron or indications that their life is by
common stock, by the payment of five per cent assessment
any means to be a short one.”
thereon. Scrip No. 1 to be exchangeable, at par, into the com¬
Messrs. Dillon and Hopkins, Receivers of the Manhattan Rail¬
mon stock by the payment of 7% per cent assessment thereon.
way Company, have filed the following statement showing the
cash receipts and disbursements from July 15, 1881, to and in¬ Scrip No. 2 to be exchangeable, at par, into the common stock,
by the payment of 10 per cent assessment thereon. All holders
cluding August 31, 1SS1:
of junior securities who are desirous of exchanging the same
Cash on band July 15, 1881
$86,019
paid
on
“
before October 1,1881.
Scranton, Pa., Sept. 6, Mr. John Jermyn, one of the
leading coal operators, was appointed general manager to look
can
Jleceipts—
From passengers
From other sources
$667,147
8,108 675,256
:
Total
;
..$761,275
Disbursements—
Paid for labor
,.$127,163
Paid for supplies and other operating expenses
54,933
Paid the New York Elevated Railroad Company for
takes due the city on earnings of said company’s
lines for quarter ending June 30, 1881
8,552
Paid A. S. Cady, Collector ,Ac., on account of real
estate and other tax*
cl .he New York Elevated
Railroad Company
186,187
do
so on or
—At
after the interests of the
New Yok
Susquehanna & Western
Railroad, and executed his contract with the company for the
construction of forty miles of the new railroad from Hollisterville to the Lackawanna Valley.
The cost of this portion of
the work is estimated at $2,000,000.
Western Union Telegraph.—A deed was filed Monday in
th»j Register’s office of New York, showing the conveyance of
the telegraph lines, property and estate formerly belonging to
-the Bankers’ and Brokers’ Telegraph Company, between New
Total disbursements.
;. 376,837
York and Washington, by John H. Wells and wife and William
Balance cash on hand Septem >er 1, 1881
$384,438 Callow and wife to the Western Union
Telegraph Company.
Minnesota State Ronds.—The following dispatch, dated
Dr. Norvin Green said that the Western Union had controlled
St. Paul, September 5, gives the latest information : “ The the line for ten
years, having leased it at the rate of 6 per cent
bond commission will not meet, according to adjournment, on
$120,000,
with
the option within the ten years of paying that
the decision of the Supreme Court on the questions of the issu¬
amount for the property.
The time had nearly expired and
ance of a writ of prohibition and other
weighty matters per-
,
the money was
paid Monday,
September
THE CHRONICLE.
10, 1881.1
T'Ixe (Ccmxnxcmal
COMMERCIAL
COTTON.
jinxes.
Friday, P. M.. September 9, 1881.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week
ending
this evening (Sept 9), the total receipts have reached 70,812
EPITOME.
Friday Night,
283
September 9,1881.
bales, against 46,722 bales last week, 35,078 bales the previous
and 20,538 bales three weeks since; making the total
Business was broken tliis week by the setting apart of Thursday
receipts since the 1st of September, 1881, 86,768 bales, against
as a day of fasting and prayer for the restoration to health o
82,335 bales for the same period of 1880, showing an increase
President Garfield, whose removal from Washington to Long since September 1, 1881, of 4,433 bales.
Branch has been followed by favorable symptoms that j
Sat.
Mon.
Tucs.
Wed.
Thurs.
Receipts at—
Fri.
Total.
3
much encouragement to his attendants. Another obstae]
week
A
Galveston
2,772
Iudianola, &c.
*
r
parts of the country, causing much loss of life and property
General trade has been quiet, but in speculative circles the ex
citement has, at times, been very great, and in the past fev\!
days prices of leading staples have advanced rapidly.
984
Mobile
242
Bruusw’k, &e.
l
and sharp advances took place and a large movement
effected. Mess pork on the spot is held at $19 75 ; Oct<
contracts sold at $19 15@$19 40, and November at $19
?
1,913
Royal, &e.
922
Moreli’d C.,&c
Norfolk....
City Point,&c.
....
127
....
....
252
933
3,597
Boston
16,557
805
805
812
312
524
1,120
3,853
....
....
756
1,219
....
....
....
867
695
885
•
•
..
....
...»
215
1,241
29
29
1,667
5,299
615
615
....
—
88
....
6,447
....
....
127
41
1,079
281
172
21,657
41
....
....
216
3,392
....
....
1,338
....
1,862
3,401
....
....
....
m
12,525
....
8
mm
3,335
....
New York
m
2,060
3,443
1,177
....
....
245
....
230
.
....
4,743
878
.
1,604
....
....
.
-
4,297
843
4,816
Charleston
Pt.
....
....
....
Wilmington....
-
621
“
New Orleans...
Florida
Savannah
.
6,729
....
135
....
15
10
70
Baltimore
10
136
399
$19 00, closing at $19 50. There were sales of 50,000 tcs.
979
1,524
14
Pliiladelp’a, &c.
14
to-day to cover the “short” interest now out among
L
Totals
this week 10,182 18,859
English, French and German buyers. Prime Western sol<
9,069
7,637
8,181 16,884 70,812
the spot at 12*32>2@12*35c.; September at 12*30@12*35c., closing
For comparison, we give the following table showing the week’s
total receipts, the total since Sept. 1,1S81, and the stocks to-night
atl2*25@12*27/^c.; October, 12*32/2@12*40c., closing at 12‘35c
November, 12*45@12 55c., closing at 12‘50c ; December, 12 60@ apd the same items for the corresponding periods of last year.
12*65c., closing at 12*60c.; seller the year, 12‘27>i@12*32>ic.;
1881.
1880.
Stock.
Receipts to
January, 12*77/2@12*85c., closing at 12*77>ic.; March, 12*92l2@
This
Since Sep.
Th is
Since Sep.
September 9.
1881.
1880.
Week.
13c.; refined to the Continent quoted at 12 35c. Bacon is wholly
Week.
1, 1880.
1, 1879.
nominal here, but in Chicago long clear is quoted at 10%@10%c. Galveston
16,557
20,580 10,795
11,958 39,516 15,238
Beef is dull at $21@$22 50 for extra India mess. Beef hams
Iudianola, &c..
805
747
1,305
1,361
143
are held at $22(g$23 50.
12,525
16,139
7,090
Butter has advanced and fine grades New Orleans
8,696 88,912 38,724
Mobile
3,853
3,557
4,707
4,877
5,875
are in limited supply.
3,964
Cheese is also higher ; State factory is Florida
28
28
now quoted at 10@12%c. for fair to choice.
Tallow sells fairly Savannah
*21,657
25,868 10,744
24,413 18,376 17,137
at S%@8 9-16c. for prime.
Stearine quiet at 13@13Mc. for
41
41
Brunswick, <fec.
Western and City.
Charleston
6,447
8,078 12,232
15,815
3,995
9,207
Port Royal, &c.
Rio coffee has been very firm for fair cargoes and grades
Wilmington
1,241
1,308
2,196
2,683
1,201
2,572
above, but poorer quality has been somewhat depressed, though
M’liead City,<fcc
29
29
13
13
without quotable change ; fair cargoes are still quoted at Norfolk
5,299
5,467
5,542
0,198
3,712
3,734
llM@12^c. Mild grades have sold slowly, but prices have
615
City Point, &c.
489
747
1,365
135
177
53
remained about steady at the recent quotations, Rice has New York
53
80,162 54,946
Boston
70
166
S67
1,087
5,145
3,964
been moderately active and steady. Spices have been quiet.
Baltimore
102
....
>
....
....
....
....
....
......
........
......
.
**
Tea has sold at
a
decline of several
cents at auction for most
1,524
1,524
14
14
Philadelphia, cfee,
606
102
439
1,727
1,304
1,645
3,121
grades, green alone showing any steadiness.
Molasses has
Total
70,812
82,335 248,978 154,477
86,768 61.117
been quiet but steady at unchanged prices. Raw sugar has
In order that comparison may be
made with other years, we
been in steady demand, and, in response to a rise in refined, has
give below the totals at leading ports
ports tor six seasons.
advanced to 7M@7%e. for fair to good refining.
ITh ds.
Boxes.
Receipts since September 1
8,347
Bales since September 1
9,900
Stock September 7, 1881....... 95,197
Stock September 8, 1880
107,213
Refined has been active at
an
Rcccip>ts at—
Bays.
Melado.
10,702
77,339
7,788
9,394
959,049
896,683
304
1881.
1879.
1878.
1877.
1876.
Galvest’n.&c.
17,362
11,542
9,596
11,891
2,415
New Orleans.
12,525
3,853
21,657
7,096
3,00 4
16,744
12,282
2,209
3,786
3,932
1,876
1,339
19,550
7,656
4,556
2,148
Mobile
7,131
advance to 10c. for granulated,
1880.
Savannah....
1,435
8,388
4,892
10,227
6,239
2,039
957
12,468
Cliarl’st’n, (fee
6.447
5,216
10%c. for powdered and 10%@10%c. for crushed.
Wilm’gt’n, <fec
514
1,270
915
296
1,061
Kentucky tobacco was quiet and unchanged; sales for the
735
5,914
6,031
882
216
3,766
week 500 bales. The business in seed leaf has been large, and Norfolk, <&c.i
All others....
1,656
729
1,784
708
182
441
sales for the week aggregate 3,158 cases, as follows: 1,157 cases
1880 crop, Pennsylvania, assorted, 12@20c., and fillers 6@7c.;
Tot.this w’k.
70,812
61,117
30,054
47,431
12,109
41,457
1,101 cases 1880 crop, Ohio, assorted, 7@13>ic., and wrappers
Since Sept. 1.
86,768
82,335
43,974
73,329
17.994
63,030
13@16c.; 400 cases 1880 crop, New England, mostly Housatonic,
Galveston includes Iudianola; Charleston includes Port Royal, &c.;
18@22c.; 200 cases 1880 crop, Wisconsin, part at 5c., and Ha¬
Wilmlr aton includes Morehead City, &c.; Norfolk includes City Point,
vana seed at from 12 to 14c.; 100 cases 1879
&c.
crop, flats, private
The exports for the week ending
terms, and 200 cases sundries at 8@18c.; also 800 bales Havana
this evening reach a total
of 33,327 bales, of which 30,965 were to Great
at 89c.@$1 20.
Britain, 209 to
France and 2,153 to rest of the Continent, while the stocks as
Naval stores have been maintained at full prices; strained to
good, strained rosins are quoted at $2 25@$2 35; spirits tur¬ made up this evening are now 248,978 bales. Below are the
pentine was sold to-day at 54c., though the limited offerings exports for the week and since September 1, 1881.
restrict business.
Petroleum is higher and in better export
Week Ending Sept. 9.
From Sept. 1.1881, to Sept. 9,1881.
demand; 7%c. was bid for refined and 8c. generally asked. [
Exported to—
Exported to—
Crude certificates have had a good speculation at avanced
Exports
Great
Conti¬ Total
Great
Conti¬
from—
prices. To-day there were sales at 88Mc. and 90%c, closing at
Total
Brit'n• France nent.
Week. Britain. France
nent.
88%c. bid. Ingot, copper is selling fairly at 16%c. for Lake,
though some holders demand 17c. All other metals are less Galveston
4,300
4,300
active, but still firm. Wool has been more active and firmer. New Orleans..
Mobile
Hops in good receipt and quiet.
Ocean freight room was rather quiet, and rates for grain Florida
Savannah
14,960
14,960
14,960
berth room were a trifle lower. Petroleum charters were Charleston*... 14,960
steady and quiet. The engagements were: Grain to Liverpool, Wilmington...
by steam, 3d,j bacon, 20@25s.; cheese, 25@30s.; flour, 15s.; Norfolk
cotton, %@7-16d.; grain to London, by steam, 5@5%d.; flour, New York
209
209
7,969
2,153 10,331
7,969
4,034
12,212
18s. 9d.; bacon, 22s. 6d.@25s.; cheese, 32s.
Boston
1,242
1,242
1,242
1,242
6d.@35s.; grain to
5,019
Barrow, by steam, 3d.; do. to Bristol, by steam, 5d.; do to Cork Baltimore
5,019
5,019
5,019
for orders,
1,775
1,775
1,775
by sailing vessel quoted 4s. 6d.@4s. 9d. per qr.; do. Philadelp’a,Ac 1,775
by steamers, 4s. 9d.@4s. lO^d.; refined petroleum taken to
Total
209
209
30,965
2,153 33,327
35,265
4,034
39,508
Bremen, 3s 6d.; if London, 3s. 9d.; do. in cases to Oran, 23c.;
Total 1879-80 87,552
199
1.220
1.220 38.971
44.852
199
46,271
do. to Java,
32@33e.; crude do. in bbls. to Marseilles, 4s.
•Includes export* from Port Royal, jcc
_
•
.
•
« • •%.
.
•
.
......
.
......
•
......
......
••••••
......
......
•
...
......
......
......
....
......
......
......
......
......
.
•
.
,
.
.
•
•
•
•
......
.
......
.
...
•••••»
••••••
'
THE CHRONICLE.
284
QQ
P
In addition to above exports, our telegrams to-night also give
ns the following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are prepared for our special use by Messrs. Carey, Yale &
Lambert. 60 Beaver Street.
®
09
Or eat
Britain.
Hew Orleans
Mobile
Charleston
Savannah
Galveston
Hew York
*>©
®
^►bS^.
p M-*
w
c+.Q
•
5-* *2.
e-t*
•
•
•
*-—*
►B
<r*-
Fi'ancc.
Other
Coast¬
wise.
Foreign
20,456
1,540
787
None.
300
3,000
None.
None.
None.
None.
None.
None.
305
None.
None.
None.
None.
150
400
38,894
1,540
855
183
22,484
787
45C
2,500
1,173
2,800
9,524
66,428
5,088
3,545
15,576
29,992
None.
500
*7,350
72.812
3,900
8,242
4,806
47,295
201,683
.
*b
p •
b
:
era
•
®
00
None.
450
•
p
e
era
Stock.
Total.
£-P to
P-*-®
:
©
>1
to
GO
M
Cl
o
o
178,0 107,80
ports, the destination of which we cannot learn.
The week opened with a strong and active
movement for the
advance of prices of cotton for future delivery, which continued
after mid-day on Monday, in the course of which prices were
carried up from the closing figures of Friday 57 points for
September and 72@81 points for the other months. Then there
was a re-action, and in the course of Monday afternoon and
Tuesday the early months receded 32@39 points and the later
20@32 points.
On Wednesday there was renewed buoyancy,
due in part to the demand to cover contracts caused by the clos¬
ing of the Exchange on Thursday, prices advancing for the
active months 35@46 points from the inside prices of Tuesday.
We have seldom recorded, in recent years, a wider range of quota¬
tions. The speculation was largely in the interest of “outsiders,”
and proceeded on the “ general principle” that the yield of -the
current crop has been greatly reduced by the prolonged drought,
which, in most sections, has had little or no relief throughout
the week. To-day there was renewed speculative activity, and
some further advance in prices; but the market became variable
and unsettled. Cotton on the spot has met with rather more de¬
mand, the deliveries on contracts having fallen of materially. Quo¬
tations were advanced %c. on Monday and again on Wednesday.
To-day there was a further advance of %c. to 12%c. for middling
uplands; but the close was easier, with new cotton offering for
arrival and from the wharves at
®tVP
0 ^ ° 2.
Sept. 3 to
Sat.
81516
9»16
Strict Ord..
Good Ord.. 10ifj
Str. G’d Ord 11*16
Good Mid.. 12
Str. G’d Mid 13
Midd’g Fail- 1334
14^
Wed
0a16
91*16
H3]6
Sat.
9**6
105s
9516
9**16 9* "16 9**16
10 34
105a
1078
113x6 11*16 H716
11**16 12*16 123x6
125i6 12716 1291G
93^6
1 ‘2 io
1258
12 34
12'b
13
13ia
131b
13*4
13*0
1330
13^8
1378
14
1458
1450
1434
Til.
Middling... 125a
Good Mid.. 13
Str. G’d Mid 13q
Midd’g Fair 14
Fair
*14%
Fri. |
9*16
9**16
1078
117*6
1231C
129,6
12%
13*8
1330
14*0
1478
14*8
1478
Tti.
Wed
>
c
I
rz
C
£
11*16 H910
123x6 1125x6
I29l6 jl2**i6
12%
13*8
1330
14*0
1470
®
Good Ordinary
Strict Good Ordinary
Low Middling
1470
1470
Wedj Tli.
97lC
10*16
11*8
11
o
£
13*4
14*4
14 3«
13*3
14*4
15*0
15
1—
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| Toes
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SALES OF SPOT AND TRANSIT.
Sat.. Steady at *0 adv.
Mon
Steady at *8 adv.
Tues. Steady
Wed
Steady at *a adv.
Thurs
Fri.
Easier w *8 adv..
Ex¬
Con-
port.
sump.
ul't'n
650
321
824
684
587
105
314
50
134
....
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Spec-
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FUTURES.
Deliv¬
eries.
1,076 208,900
1,138 302,500
734 232,900
1,191 262,200
1,900
l,4o0
1,133 278,000
"406
800
700
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Transferable
Orders—Saturday. 11*^5;
11-90; Wednesday, 12-25; Thursday,
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Fri.
Monday, 12-05;
; Friday, 12-30.
Tuesday'
following exchanges have been made during the week:
pd. to exch. 500 Mar. for Apr. | *07 pd. to exch. 1,400 Dec. for Sept.
The Visible Supply of Cotton, as made np by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the
for the Continent are this week’s returns, and consequently
•10
afloat
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Sept. 9), we add the item of exports
fiwm flia TTnifoH St»f.Aa
innlnrlincr in if, ffi a AYrMYrts of
1980.
1879.
1878-
710,000
597,000
49,600
341,000
68,302
485,000
20,000
616,600
67,800
8,120
46,800
409,302
104,860
1,829
505,000
155,250
45.700
Stock at London
Friday OmVJ
1881.
....
188
950;
....
3.36 6
603
5,277
*
5,200
*
1,284.500
The dally deliveries given above are actually delivered the day pre¬
vious to that on which they are reported.
The Sales and Prices of Futures
are
shown by the follow
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales
1
MM©
MM©
MOD
Tc tal Great Britain stock
Stock it Havre
Stock i t Marseilles
Stock it Barcelona
Stock u t KamDurg
Stock at Bremen
Stock at Amsterdam...
Stock at Rotterdam
.'
Stock at Antwerp
Stock at other conti’ntal ports.
755,700
Total continental ports....
—
Total
1
W-cc
0
1
£0°
b?®
tOM
•
S»
5af
>2 iA
VI M
©
©
1
■
M O
MM
M M
M M
12*0
Sales.
! ©p
:
to to
MARKET AND SALES.
SPOT MARKET
CLOSED.
MVito
1 Q) 00
mm©
1
tv tv O
M M
Q
©
©
®
©CO
MM<,
©
M ©
rf*-CCco
•
©
M©
©00 to
1 ©t®
GO
00 3D
MM
1 ©0
Septmbr.
oo
MMq
M M
i
y-
too
cto®
M M
©6
to
M
to
©m
M M
M h*
to
Is?
? a
•
1 ® jpt
M<-*
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1 »m
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w®
o
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CC
4^..
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M M
C^l
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00
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a s S
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©
M M qo
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h-*
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©
31,80
®
OO*
1
12-08 2 ,50
to 10
©
-
1 -86®
1-8—90
»—1
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w—
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2 W
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1
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Ol
“osccS?
*; C £
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^tog.-
cid.
6©
7;1‘W!
1170
s
a
W©C0
o<
T916
8**16
711,6 7*3x6
8**16 8*316 8*3x6 81*16 Holi¬ 10*16
10*16 109ifl jl09l6 10**16 day. 10*3x6
1134
&
c©
to©
M W
•
1
O
0
©
.W
05
1 ®0
0
143s
15*0
Wed
®
t?V'ccO
a^ito
9Pl6
>>
ora
OcC-
©if*-to
13*0
1338
14*0
1 i
.
® •
Ctool
•
M I-*
103,6
11**16 H916
127,6 125x6
12*3i6 121*16
13*8
Sat.
Middling
1434
103i6
15
$ lb.
14
13*4
b»:
®
M I—*
107s
12%
p •
B
era
ra
*B
•
MM
95,6
9**16
1234
13*0
133d
14*8
113^2
;
1078
•
e'teSl
Vi
to i-*
H*16 H7ib 11716
12*16 123x6 12316
127l6 129,6 129i6
133s
j 13 x4
9**16
1034
1278
1270
9*J6
^
i
.
<-i ♦
©
*
i eraS!
S&3
MM
M
93m
9*3x6
13
j
STAINED.
.
m
tOM
Mon.Toes
13
9916
11
iOJa
Sat.
125g
Fri.
9*16 ! 97x6
915x6 10*16
9316
Str.L’w Mid 127m
.
®
•
S'
K9
1®^ f8-"t
M M
TEXAS.
Moil Tues
12%j
1278
Strict Ord..
913x6
Good Ord.. 1034
Str. G’d Ord ll^ie
Low Midd’g 12*lfi
.
•
*-»
s
©'2.ES
B’®
M
below the nominal
NEW ORLEANS.
mou Toes
U*3i6 11*»16
12316 12*16
Middling... 123s
Ordin’y.$lb
^
rf*-Ci®
UPLANDS.
Fair
•
•
vi
5 So?
b-p.2
m«—©
«
.
® -
<*m ff-
o'®1®-
®
to to
delivery for the week are 1,284,500
bales. For immediate delivery the total sales foot up this week
5,277 bales, including 1,308 for export, 3,366 for consumption,
603 for speculation and — in transit.
Of the above, 500 bales
were to arrive.
The following are the official quotations and
sales for ?ach day of the past week.
Low Midd’g
Str.L’w Mid
K
B
-(2P*
93!
■
.
©
o
The total sales for forward
Ordin’y.^Ib
P
:
® Pi
® C3
p ©
■
quotations.
Sipt. 9.
|
•
o3.£®
B-® ® p
E*$-®£
S
tOM
.
■
oo
P
® ® ®
00
O'BODO
5TB P B
M
*■*
Total
c
££
•
<•
m
Shipboard, not cleared—for
8,351
6,000
Other ports
0B -
.v
®
®
09^1
S'®
B
®‘® 3
B-®
® ©
09 *
p
®«5
® o
£.
Leaving
Sept. 9, at—
issi SSgf 93gl
»—<
®
On
[Vol. xxxin.
184,000
5.800
33,700
1,500
48,600
18.000
2.600
29.200
3,470
4,300
28,800
14,300
2,610
2,300
14,700
18,400
5,047
323,270
192,111
181,645
16,649
31,272
1,383
981
1.750
15.500
5.500
35,000
4-2.250
THE
10# 1881.J
September
1881.
1880.
838,711
121,000
71,000
18,000
154,941
25,550
Total European blocks.. .. 1,078,970
India cotton afloat for Europe. 175,000
91,000
Amer’n cotton afloat for Eur’pe»
.
.
Brazil,&e.,aflt for E’r’pe>
20.000
United States ports
U. B. interior ports...
United Str tes exports to-day..
218,978
BtocJi in
..
Stock In
42,983
7,300
1879.
1878.
590,947
180.517
40,261
785,250
195,000
66,372
14,563
14.000
3,000
81.239
18,971
700
1,000
3.482
7,000
1,664,731 1,236,202
Of the aoove. tlie
American—
,
American afloat for Europe....
United States stock
United States interior stocks..
,
Total American
Edit Indian, Brazil, <kc.—
Liverpool stock
London stock....
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
,
.
379,000
100,000
91.000
24S.978
71,000
205,000
103,000
40,261
42,983
7,800
154,941
25,550
7,000
66,372
14,563
700
1,130,761
737,491
429,896
699,260
156,000
218,000
49,600
92,111
121,000
18,000
136,000
180,517
122,000
20.000
59.250
195,000
.
,
.
Total East India, &c
.
3,482
3,000
45,700
137,270
175,000
20,000
533.970
Price Mid. Upl., Liverpool...
78,645
.1.664,731 1,236,202
T^d.
.
were
82,942 bales; in 1879
were
2.
That, although the receipts at the out-ports the past week
70,812 bales, the actual movement from plantations was
78,103 bales, the balance going to increase the stocks at
the interior ports.
Last year" the receipts from the planta¬
tions for the same week were
64,897 bales and for 1879 they
were 35,019 bales.
Weather Reports
by Telegraph.—Warm and
dry weather
prevails throughout the greater portion of the South. The
drought is reported as doing damage in the Southwest. Pick¬
ing is making good progress and the crop moves
quite freely
363,000
still
221,000
14,000
81,289
18,971
in sections.
Galveston, Texas.—We have had light showers on two
days
of the past week, the rainfall
reaching
nineteen hundredths of
an inch.
The whole State is
suffering dreadfully from drought,
and the time is near at hand when rain
will cease to be of
any
benefit. The thermometer has
averaged
85, ranging from 79
to 90.
Indianola, Texas.—We
have had good showers on six
days
week, which were very beneficial along the coast, but
extended only a short distance inland. The
rainfall reached
one inch and nine
hundredths. Average thermometer 81, highest
of the past
466,946
399.250
429,896
699,260
896,842 1,098.510
6*cd.
6i3ia,l.
7 led.
285
were
1,000
63,302
493,711
737,491
.1,130,761
were 94,324 bales; in 1880
5,126 bales.
follows;
are as
554.000
186,000
United States exports to-day..
1881
896,842 1,098,510
totals of American and other descriptions
,
CHRONICLE.
91 and lowest 76.
Corsicana, Texas.—We have had trifling showers on two
days of the past week, doing no good. The rainfall reached
six hundredths of an inch. The
The above figures indicate an increase in the cotton in sight
drought i3 terrible. Picking
is progressing
finely. The thermometer has ranged from 72 to
to-night of 428,529 bales as compared with the same date of 1880,
99, averaging 84.
an increase of 767,889 bales
as compared with
the corres¬
Dallas, Texas.—We have had no rain during the
ponding date of 1879 and an increase of 566,221 bales as com¬ The
past week.
drought is burning up everything, ana the crop will be
pared with 18,78.
short. Picking is progressing
finely. The thermometer has
At the Interior Ports the movement—that is the
receipts averaged 84, the highest being 99 ana the lowest 72.
and shipments for the week, and stocks
to-night, and for the
Brenham, Texas.—The weather has been warm and
dry
corresponding week of 1880—is set out in detail m the following during all of the
past week. Much
statement:
the drought, and a full crop is now damage has been done by
impossible. Average ther¬
mometer 85, highest 95 ana lowest 77.
Week ending Sept. 9, ’81.
Week ending Sept. 10, ’80.
Waco, Texas.—The weather during the past week has been
warm and
dry. Much damage has been done by the drought,
Stock.
Receipts. Shipm'ts
Receipts. Shipm'ts Stock.
and the prospects are poor.
Picking is progressing finely, and
3,506
2,194
Augusta, Ga
5,024
we will be
3,604
4,752
2,121
abundantly able to soon pick all that will be made.
Columbus, Ga...
2,230
1,781
1,322
1,542
1,401
2,312 The thermometer has
1,836
Macon, Ga
ranged from 73 to 96, averaging 84.
1,295
1,917
1,710
956
1,549
New Orleans, Louisiana.—It has rained
4,726
4,214
Montgom’ry,Ala.
1,851
3,060
1,390
on two
2,641
days the
Selma, Ala
2,667
2,212
1,115
1,941
1,432
1,137
jgg-The imports into Continental ports this week have been
11,000 bales.
•
Memphis, Tenn..
2,479
1,466
Nashville, Tenn.
Dallas, Texas
Jetterson, Tex...
Shreveport, La..
Vicksburg, Miss*
Columbus, Miss..
Eufaula, Ala....
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C..
St. Louis, Mo
Cincinnati, O....
176
545
791
1,705
...
Total,old ports..
Newberry, S C.
137
,
1,265
1,200
636
1,009
717
469
9,591
2,535
1,294
1,022
338
42
651
53
2,405
1,000
751
490
42
629
776
608
915
549
240
1,595
1,460
733
698
637
303
268
530
88
213
2,545
1,734
802
1,761
9,079
3,215
672
600
964
495
29,957
22,666
42,983
195
90
493
73
'
601
104
866
6
347
460
m
2
m
1,636
392
397
1,210
-
•
1,113
204
130
1,017
214
2,992
•
503
500
852
600
1,154
778
1,142
1,009
22,314
18,534
25,550
327
331
1,508
1,000
5
97
145
46
648
68
1,453
Little Rock, Ark.
195
793
33
175
239
Brenham, Tex...
Houston, Tex....
1,130
12,487
9,754
Total,
15,052
11,355
14,427
17,026
14,185
13,752
45,009
34,021
57,410
39,340
32,719
39.302
Raleigb, N. C
Petersburg, Va..
Louisville, Ky...
ports
new
400
2
44
1,238
478
41
39
125
960
1,617
10,438
1,851
13,135
1,221
1,755
11,386
9.536
^
206
The above totals show that the old interior stocks
have in¬
creased
bales
the
during the week 7,291 bales, and
are
to-night 17,438
The receipts at
than at the same period last year.
towns have been 7,643 bales more than the
more
same
5>ast
'he thermometer
week, the rainfall
reaching 84.
fourteen hundredths of an inch,
has averaged
Shreveport, Louisiana.—Telegram not received.
Vicksburg, Mississippi.—Telegram not received.
Columbus, Mississippi.—We have had no rain
191
m.
1,653
-
6,476
725
376
same
week
last year.
Receipts from the Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
wee\ from the plantations.
Receipts at the outports are some¬
during the
pa3t week. More than half of the crop is now
open.
It is re¬
ported that caterpillars have
entirely destroyed the top crop.
The thermometer has
averaged 85, ranging from 77 to 95.
Little Rock,
Arkansas.—Telegram not received.
Nashville, Tennessee.—It has rained slightly on one
day the
past week, the rainfall reaching six hundredths of an
inch.
Picking is progressing finely. The thermometer has
averaged
82, ranging from 66 to 98.
Mobile, Alabama.—It has ramed very
lightly on four days
of the past week, the rainfall
reaching thirty-six hundredths of
inch.
The
condition is unchanged.
Picking is progressing
finely. The thermometer has ranged from 72 to 96, averaging84.
Montgomery, Alabama.—We have had no rain during the
past week. Picking is progressing finely, and
planters are
sending their crop to market freely Average thermometer
82,
highest 96 and lowest 69.
Selma, Alabama.—The weather has been warm and
dry
during the past week. Picking is progressing finely, and
planters are sending their crop to'market freely.
Average ther¬
an
mometer 83,
highest 96 and lowest 70.
Madison, Florida.—The weather has been warm and
dry
during all of the past week. Caterpillars are reported
every-*
where, and great injury is undoubtedly being done. Rust
is
developing badly. The *bolls are dropping badly and the mid¬
dle crop will be poor.
Average thermometer 80, highest 85 and
lowest 75.
Macon, Georgia.—We have had no rain
during the past
The thermometer has averaged 81,
rangingfrom 68 to 93.
the interior stocks. We reach,
Columbus, Georgia.—The weather during the past week has
therefore, a safer conclusion through a comparative statement been
warm and dry at this
like the
point. The thermometer has ranged
In reply to frequent inquiries we will add from 75 to 92,
following.
averaging
84.
that these figures,
of course, do not include overland receipts or
Savannah, Georgia.—The weather during the past week has
Southern consumption;
they are simply a statement of the been pleasant, but a little warm. We have
had no rain. The
weekly movement from the plantations of that part of the crop thermometer has
ranged from 72 to 91, averaging 82.
which finally reaches the market
through the out-ports.
Augusta, Georgia.—We have had no rain
RECEIPTS FROM PLANTATIONS
week. Accounts are about the same as last' during the past
report. Rain is
Week
Receipts at the Ports. Stock at Interior Ports Rec'pts from Plant'ns. needed, as the plant is suffering from drought.
Picking i3 pro¬
ending—
gressing finely, but the receipts are not as large as at this time
1879.
1880.
1881.
1879.
18S0.
1881.
last year. The thermometer has
1879.
1880.
1881.
averaged 82, ranging from 69
to 96.
6,293
times
misleading, as
than another, at' the
they
are
expense of
made
up more
3.637
23,511
17,057
23,476
20,662
22,388
81,172
75.103
3,032
11.070
19.163
20.691
71.950
2,809
3,272
2,503
3,915
10,691
18.199
15.528
13,148
10,859
8,932
8,691
8,390
21,123
19,362
16.151
.14,410
13.96C
13,049
11,477
66,198
56,662
49,631
17,818
13,062
4.843
20,538
4,875
35,078
13,920 42,082 46,722
3.462
30.054
61,117
70,812
25,223
41,507
81,875
69,988
64,212
54,77 T
48,397
40,926
36,826
35.473
43,365
one year
2,210
8.493
17.119
802
10,988
10,917
8,775
1,335
2,154
2,059
3,028
1,890
13,387
4,939
8.764
3,612
3,828
12.9S2
8,680
858
13,718
19,601
2,657
2,767
16,917
16,021
29.087
7.463
29,864
39,744
829
7,301
27,762
33.753
9,598
14,568
21,770
25,550
35,692
4,713
16,217
36,090 48,661
42,983
35,019
64.897
1—nrT
SHOWS
1. That theOLiLWJlueUL
total receipts from the
largely
78.1C 8
week.
Atlanta, Georgia.—Telegram not received.
Charleston, South Carolina.—We have had no rain
during
the past week. The thermometer has
averaged 82, ranging
from
74 to 92.
The following statement we have also received
by telegraph,
showing the height of the rivers at the points named at
3 o’clock
September 8,1881, and September 9, 1880.
Sept. 8. ’81.
New Orleans
Memphis
Nashville
plantations since Sapt. 1 in
8hreveport
Vicksburg
Below high-water mark..
Above low-water mark...
Above low-water mark...
Above low-water mark...
Above low-water mark...
Feet.
Inch.
*3
2
O
1
5
O
Missing.
Sept. 9, 80.
Feet. Inch.
11
9
2
10
10
3
9
6
Missing.
(CHRONICLE.
THE
286
European Cotton Consumption to
September 1.—We have
to-day (Friday) by cable, Mr. Ellison’s cotton figures
brought down to September 1. As stated in previous months,
we now have included in our cable the revised totals for last
year as well as the figures for this year, so that the reader
may have a correct comparison.
First we give spinners’ takings
in actual bales and pounds since October 1, with the average
weight of bales for the two seasons.
received
From Oct. 1 to Sept.
For
Great Britain.
1.
comparison with last year is made more striking by
bringing together the above totals and adding the average
weekly consumption up to this time for the two years.
The
Sept." 1.
Bales of 4007bs. each.
000s omitted.
1880-81.
5,551,600
2,686,200
2,865,-100
Takings by spinners...bales
438
427
448
Average weight of bales—
2,430,706,600
1,147,007,400
1,283,699,200
Takings in pounds
Takings by spinners., .bales
2,449,440
5,156,740
Average weight of bales....
446
421
434
nent.
Total.
Conti¬
j Great
Britain
Total.
nent.
137,
164,
27,
94,
2,867,
6,075,
3,018,
2,579,
3,004,
2,617,
6,239,
5,845,
3,045,
2,673,
3,228,
3,022,
2,450,
5,719,
3,472,
7,
387,
394,
23,
223,
246,
108,0
3,235.
}
|
121,
5,597,
i
i
00s omitted.
.
i
Tn October
68,0
55,0
123,0
58,0
50,0
In November
68,0
55,0
123,0
62,0
50,0
112,0
In December
68,0
55,0
123,0
64,0
51,0
li5,0
In
68,5
5a,D
52,0
J 65,5
52,0
In March
56,0
56,0
117,5
117,5
117,5
In
April
69.0
May
69,0
56,0
56,0
56,0
56,0
56,0
124,0
125,0
125,0
125,0
125,0
125,0
65,5
69,0
69,0
Tn
According to the above, the average weight of the deliveries
in Great Britain is 448 pounds per bale to Sept. 1, against 450
pounds to Aug. 1. The Continental deliveries average 427
pounds, against 428 pounds last month. The consumption the
past month (stated in bales of 400 lbs. each) has been, in Great
Britain, 276,000 bales (or 69,000 bales per week), and on the
Continent, 224,000 bales (or 56,000 bales per week), as stated
below. In the following table we give the stock held by the
mills, their takings and their consumption, each month since
October 1, all reduced to bales of 400 pounds each for this
season and last season.
It is a very convenient and useful
Conti¬
Weekly Consumption.
1,207,455,800 1.031,214,240 2,238,670,040
Takings in pounds....
Great
Britain
Spinrers’ stock.Sept. 1
For 1879-80.
2,707,300
t
27,
Spinners’ stock Oct. 1.
Takings to Sept. 1 — 3,208,
Supply
Consumption
1879-80.
1880-81.
Oct. 1 to
Total.
Continent.
[VOL. XXilll.
In
January
February
In
July...v
69,0
69,0
In
August
69,0
In June
The
'
52,0
65,5
65,5
65,5
65,5
52,0
53,0
52,0
52,0
52,0
65,5
125,0
125,0
117,5
118,5
117,5
117,5
117.5
foregoing shows that the weekly consumption in Europe
each, against
August was 125,000 bales, of 400 pounds
117,500 bales for the same month of 1880.
for
Annual Cotton Crop
will be found
our
Statement.—In
editorial columns
our
annual crop statement, replete
with useful
facts and information.
summary.
Acknowledgements.—We have received from Messrs. S. F.
Bales
Sept. 1.
of 400 lbs. each.
000s omitted.
1879-80.
1880-81.
Oct. 1 to
Great
Conti¬
Britain
nent.
Great
Conti¬
Britain
nent.
Total.
Total.
121,
94,
280,
137,
143,
164,
423,
27,
234,
156,
supply
Consumption in Oct..
307,
271,
280,
218.
587,
261,
250.
511,
489,
261,
200,
461,
3pinners’ stock Nov. 1
Takings in November.
36,
62,
239,
98,
000,
316,
555,
282,
Total supply
Consumption in Nov
352,
273,
301,
653,
222,
495,
79,
371,
79,
315,
Consumption in Dec..
450,
340,
394,'
275,
Spinners’ stock Jan. 1
Takings in January..
110,
269,
119,
241,
229,
510,
379,
360,
222,
602,
Spinners’ stock Oct 1.
Takings in October...
Total
.
Bpiuners’ stock Doc. 1
Takings in December.
Total
Total
supply
supply
27,
1
i
390,
50,
50,
190,
472,
248,
282,
240,
225,
473,
158,
686,
34,
323,
15,
322,
49,
645,
844,
357,
337,
694,
615,
287,
.256,
543,
340,
81,
284,
151,
624,
739,
496,
410,
262,
365,
208,
470,
243,
148,
335,
157,
264,
305,
599,
►j
70,
■
i
522,
775,
Consumption in Jan..
274,
Spinners’ stock Feb. 1
105,
Takings in February.
289,
138,
313,
451,
224,
500,
483,
262,
421,
Consumption in Feb.
394,
276,
208,
904,
470,
Spinners’ stock Mar. 1
Takings in March
118,
335,
227,
310,
345,
645,
221,
278,
213,
240,
434,
518,
supply
Consumption in Mar.
453,
345,
537,
990,
499,
280,
625,
327.
453,
259,
952,
586,
Spinners’ stock Apr. 1
108,
257,
365,
194,
Takings in April
265,
263,
528,
172,
260,
284,
366,
544,
373,
276,
520,
224,
893,
500,
432,
262,
478,
206,
910,
468,
Total supply
Total
Total
supply
Consumption in April
•
845,
pin-cushion and paper-weight
(combined). It is in the shape of a miniature bale of cotton,
and the material composing it consists of fibre taken from the
first bale of the crop of 1881-82. It is covered with satin, and
bound with ties. The whole is very prettily and tastily gotten
up, and should prove an excellent advertisement for the firm.
Jute Butts, Bagging, &c.—Bagging has been in better de¬
mand and prices are somewhat firmer though no change is
reported as yet, but an advance is looked for shortly. The
stocks in hand are not large as the steady though moderate
demand has worked them down considerably, and holders are
firm and are not willing to accept less than 10c. for 1% lbs.,
10%c. for 2 lbs. and ll%c. for standard qualities. At Boston
an eighth less would be accepted.
Butts have not been very
active for paper grades, as, owing t© the lack of water, buyers
have not been very plenty, and some sales are reported to have
been made at better than 2%c., though the general figures are
2%@2%c. Bagging grades are moderately inquired for, but
no change in price has been made and sellers are still naming
3@3%c. according to quantity.
Fallon & Co.,
of St. Louis,
Comparative Port Receipts and Daily
97, “
306,
296,
351,
393,
657,
170,
211,
272,
235,
442,
446,
647,
224,
1,050,
381,
262,
507,
212,
888,
Consumption in May.
403,
276,
Spinners’ stock June 1
Takings in June
127,
297,
423,
334,
550,
631,
Consumption in June.
424,
345,
757,
280,
1,181,
625,
Spinners’ stook July 1
Takings in July
79,
477,
269,
209,
348,
276,
686,
224,
Total supply
Total supply
Total supply
Consumption in July.
500,
P
474,
316,
295,
285,
414,
601,
435,
327,
580,
260,
1,015,
587,
556,
478,
308,
225,
320,
180,
428,
405,
1,034,
500,
333,
262,
500,
208,
833,
470,
363,
353,
119,
.
72,
211,
462,
149,
534,
360,
71,
214,
292,
139,
Total supply
283,
sumption in Aug..
276,
611,
224,
894,
500,
285,
262,
431,
208,
716,
470,
7
387,
394,
23,
223,
246,
Spinners’ stock Aug.l
Takings in August....
©rs’ stock Aug.
1
Crop Movement.—
comparison of the port movement by weeks is not accurate,,
the weeks in different years do not end on the same day of the
month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since September 1, 1880, has been as follows:
A
as
Tear
Monthly
Receipts.
1880.
1879.
458,478
968,318
333,643
Ootober..
Novemb’r
1,006,501
942,272
1,020,802
571,701
572,729
February.
March...
475,582
284,246
April...
190,054
May
June
131,871
78,572
July
115,114
August...
956,464
8ept’mb’r
Decemb’r
Spinners’ stock May 1
Takings in May
a
January
.
Corrct’ns.
"
123
888,492
Beginning September 1.
1878.
288,848
689,264
779,237
892,664
647,140
616,727
447,918
564,824
302,955
166,459
264,913
159,025
110,006
88,455
54,258
67,372
42,714
84,299
29,472
13,988
18,081
458
98,491
578,533
822,493
236,868
900,119
787,769
689,610
472,054
340,525
197,965
500,680
449,686
182,937
100,194
675,260
901,392
.
96,314
68,939
42,142
20,240
34,564
52,595
36,030
17,631
14,462
66,293
Total year 5,874,090 5,001,672 4,447,276 4,345,645
’
169,077
610,316
740,116
821,177
637,067
479,801
300,128163,593
92,600
42,234
29,422
33,626
71,985
4,038,141 4,191,142
Pero’tage of tot. port
reoeipts Aug. 31..
99’15
99-99
9879
98-38
Corrections
00*85
00 01
01-21
01-64
10000
10000
100-00
10000
Total port receipts..
1875.
1876.
1877.
98-28
01-72
100-00
Aug. 31 the receipts at the
ports this year were 872,418 bales more than in 1879-80 and
1,426,814 bales more than at the same time in 1878-79 The
receipts since September 1, 1881, and for the corresponding
This statement shows that up to
periods of the five previous years have been as follows:
^
September
THE CHRONICLE
,10, 1881.]
1880.
1881. ’
1879.
.*,037
“
2....
«
3.—
5,600
10,356
10,182
«
4....
S.
10,512
6,474
S.
gept.l.---
“
3,490
1,848
1,391
2,264
4,927
2,104
5,669
5....
18,859
6....
9,069
14,754
7....
7,637
9,315
1878.
S.
S.
1,246
4,799
4,224
7,116
4,108
616
8,181
16,884
8,616
11,096
5,454
5,124
13,115
86,768
71,473
26,602
43,121
1,918
1,691
S.
-4,051
8....
Percentage
1876.
408
5.708
9....
Total
1877.
01-21
00-53
2,996
754
3,414
3,111
3,982
S.
4,708
7,388
26,450
0017
00 65
This statement shows that the receipts since Sept. 1 up to
to-night are now 15,295 bales more than they were to the same
day of the
month in 1880 and 60,160 bales more than they were
day of the month in 18^p. We add to the table
percentages of total nort receipts which had been received to
September 9 in each of tlie years named
to the same
the
India Cotton Movement
are now
collected for
Ports.—The
from all
figures which
and forwarded by cable each Friday, of
us,
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
enable us, in connection with our previously-received report from
Bombay, to furnish
our
readers with
movement for each week.
for the
week and
year,
a
full and complete India
32s Cop.
Twist.
iSI
4,000
1,000
2.000
1880
1879
1878
Total.
3.000
Great
Britain
Conti¬
nent.
d.
8.
9»a
6
d.
9
9
9
9
9
d.
0
0
0
0
s.
®8
9*8® 9»4 6
ii
918 3> 9% 6
-2)8
9*6® 9% 6
®8
Aug. 5 9 ® 95e 6
@8
12
9
6
S7s'8)
Lj
5^2)7
ii
19 9]8@ 93* 6 9 2)8
a
26
878-a> 9^ 6 b’l2'd)'7
Sept.
2 87s® 9*2 6 5Lj2>7
ii
9| 87s® 912 6 5^32*7
The Exports
Up ds
d.
69j«
613i6
01316
8
0
7
8i2
8k>
Ul^io
615io
6\
8ia
This
Week.
Since
Jan. 1.
832,000
837,000
584,000
3,000 1,148,000
698,000
2,000
5.000 1,077,000
780.000
3,000
853,000
According to the foregoing, Bombay appears to show7 a
compared with last year in the week’s receipts of 2,000
bales, and an increase in shipments of 5,000 bales, and the
shipments since January 1 show a decrease of 5,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows
decrease
OotVn
Mid.
814 lbs.
Shirtings.
d.
s.
d.
Upldt
d.
s.
6 7^97 7i2
94 910
914 910
6 7^97 712
938 @1014 6 7*$97 9
938 Cb 1014 6 7^&97 9
914 -@1018 6 7^97 9
91s 9 978 6 7^97 9
918 2) 978 6 7^97 9
914 2)10
0 9 2>7 9
918 9 97s -6 9 97 9
9is 9 97b 6 9 @7 9
6iiio
0
32s Cop.
hoist.
d.
65Jfi
714!
d.
6i316
678
61318
61318
61316
7Sle
7
7li0
Cotton from New York this week show
a
decrease, as compared with last week, the total
reaching
10,331
bales, against 21,227 bales last week. Below we give our usual
table showing the exports of cotton from New
York, and their
direction, for each of the last four weeks; also the total exports
and direction since September 1,
1881, and in the last column
the total for the same period of the
previous
of
year:
Exports
of
Cotton (bales)
from New
Week
Aug.
Liverpool
to
ending-
Aug.
9,048
31.
5,323 16,060
248
Great Britain
Aug.
24.
8,800
Other British ports
Total
York since Sept. 1.1881.
Same
Total
Exported to—
17.
Receipts.
Total.
6,000 298,000:534.000
1,000 355.000 482.000
3,000 249,000i 335,000
7,000 306,000|390,000
::::::
7,000
®
8^4. lbs.
Shirtings.
15
22
29
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Year Great Conti¬
BriVn. nent
d.
9
July 8
Bombay statement
bringing the figures down to Sept. 8.
Shipments since Jan. 1..
'
1880.
CotVn
Mid.
We first give the
Shipments this week.
:
1881.
1,008
1,655
00-97
previous weeks* prices for comparison
4,630
of total
portrec'pts Sept. 9
shirtings, and that business has been checked by the corner in
Liverpool.
We give the prices of to-day below, and leave
S.
1*701
S.
287
900
6,223 16,060
Sept.
since
7.
Sept. 1.
period
prevVus
year.
7,969
7,969
14,969
7,969
7,969
14,969
Havre
Other French ports
21
20
102
209
209
199
Total French
21
20
102
209
209
199
2,1.53
4,034
Bremen and Hanover
470
....
Hamburg
50
1,707
Other ports
278
Total to North. Europe
748
4,757
770
258
1,707
5,065
24
2,153
4,034
8,050 21,227 10,331
12,212
1,200
'
Spain, Op’rto, Gibralt’r,&o
100
Total Spain, &c
100
All other
t
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHEE.
Shipments this week.
Year.
Great
Conti¬
nent.
Britain.
1881
1880
8,000
Shipments since January 1.
Great
Total.
1,000
Britain.
9,000
1879
1878
•
3,000
Conti¬
nent.
.
3,000
Total.
182,000
71,000
253,000
199,000
193,000
80,000
102,000
279,000
295,000
112,000
58,000
170,000
The above totals for this week show that the movement from
the ports other than Bombay is 9,000 bales more than for the
same week last
year. For the whole of India, therefore, the total
shipments this week and since Jan. 1,1881, and for the correspond¬
ing weeks and periods of the two previous years, are as follows.
EXPORTS TO EUROPE FROM ALL INDIA.
1881.
Shipments
to alt Europe
from—
This
!
week.
I
Bombay
Allotlier p’rts.
Total
*
j
77/ >.y
week.
O.OOO!
832,000
9,000
253,000
1,000
.
15,000 1,085,000
This last statement affords a
total movement for the week
years up to
-
...
1,000
1879.
Since
Jan. 1.
837,000
Th is
wee!:.
Since
Jan. 1.
3,000
279,000
i,iio,ooo
584,000
295,000
3,000
9.817
The Following
16,368
Receipts of Cotton at New York,
Boston, Philadelphia and Baltimore for the past week, and
since
are the
September 1, 1881:
New York.
Receipts
from—
This
week.
N. Orl’ans
Texas....
8avannah
Mobile
Boston.
Since
This
j Since
Sept. 1. week. \Sept. 1.
1,998
2,715
1,119
2,786
3,954
1,285
2,05 i
2,929
190
543
190
608
i'3 5
*i’77
150
150
8,901
12,078
Philadelphia.
This
week.
Baltimore.
Since
This
Since
Sept. 1.
week.
Sept. 1.
......
...
Florida
.
.
8 Car’lina
N Car’lina
1880.
Since
Jan. 1.
Grand Total
Virginia..
North, pts
Tenu., <fce.
Foreign
*
..
This year.
Last year. 10,706
-
14,514!
471
471
109
109
516
516
879,000
interesting comparison of the
ending Sept. 8, and for the three
very
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have
reached
26,443 bales.
So far as the Southern ports are concerned, these
date, at all India ports.
are the same
exports reported by telegraph, and published in
Alexandria Receipts and Shipments.—Through
the Chronicle last Friday. With regard to New
York, we
arrangements include the manifests
we have made
with Messrs. Davies, Benachi & Co., of
of all vessels cleared up to
Liverpool
Wednesday
and Alexandria, we now receive a
weekly cable of the movements night of this week:
of cotton at
Alexandria, Egypt. The following are the receipts New York—To
Total bales.
and shipments for the
Liverpool, per steamers Britannic, 2,187
past
for
the
coi responding week
week
and
Helvetia, 643
Memnon, 1,376
Nevada, 3,033
of the
Scy¬
previous two years.
Alexandria, Egypt,
1881.
Sept. 8.
Receipts (cantars*)—
thia, 730
1880.
1879.
Renfrew, 6,000
.
This week....
Since Sept. 1
l,000j
1,000
This
week.
Exports (bales)—
To Liverpool
To
Continent....
Total Europe
*
To Havre, per steamer Canada, 209
To Hamburg, per steamers Herder, 859
New Orleans—To Liverpool, per steamers
Since
Sept. 1.
This
week.
Since
This
Since
Sept. 1.
week.
Sept. 1.
250
604
250
604
250
250
854
854
250
250
Asturriano, 4,300...
Pennsylvania, 500
form,
follows:
410
51
596
our
usual
'
Liverpool. Havre. Bremen. Hamburg.
This statement shows that the
receipts for the week ending
September 8 were
cantars and the shipments to all Europe
were
bales. •
New York
New Orleans
Texas
Baltimore
Boston
7,969
10,300
Manchester Market.—Our report received from Manchester
i«-rught states that prices are nominal for both twists and
Philadelphia
1,200
Total
10,300
3,555
26,443
particulars of these shipments, arranged in
are as
2,153
1,200
T«tal.
A cantar is 98 lbs.
209
Texas—To Liverpool, per steamer Fifeshire, 3,555
Baltimore—To Liverpool, per steamer St. Dunstan, 410
To Bremen, per steamer Koln, 51
Boston—To Liverpool, per steamers Bavarian, 380
Malta,
109
Milanese, 42
Minnesota, 65
Philadelphia—To Liverpool, per steamers Lord Gough, 700
The
—
7,969
Silesia, 1,294
209
410
2,153
51
461
596
596
24,030
Total.
10,331
10,300
3,555
1,200
209
51
2,153
26,443
THE CHRONICLE
288
Cotton
sail.. .d.
Do
14®5I6
1332*
Havre, steam—c.
sail
c.
sail
■*
....
J
....
-
....
....
....
....
38® *2
38® 4
30® 4
38®4
....
....
....
....
hi
....
2
....
38® 4
0
w
.
.
.
.
4
4
4
....
....
....
....
:
hi
;
616
516
5L6
5L6
516
516
DI6
516
c.
1332*
hi
38® 4
d.
sail
\
hi
Amst’d’m, steam.c.
sail...d.
Do
Do
1332*
3s®4
sail...d.
Baltic, steam
1332*
....
....
#
3)3® 4
c.
Hamburg, steam, d.
Do
1332*
....
Bremen, steam, .c.
Do
....
*4®516
;
....
....
....
Fri.
Thurs.
Wed n 68.
Tites.
Mon.
Liverpool, steam d. 732®932 332®932 732®932
Do
The wheat market
freights the past week have been as follows:
Satur.
....
51G
516
j
‘
Compressed.
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &c., at that port:
49.500
3.900
76,000
6,600
7,700
55,000
Sales of the week
bales.
Of which exporters took ....
Of which speculators took..
Sales American
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
„
51,000
6,700
3,300
40.500
3,400
7,800
738,000
2.900
36.500
7,100
3,900
Actual export
Sept. 9,
Sept. 2.
Aug. 26.
Aug. 19.
4,400
3,200
750,000
583,000
747,000
584,000
53,000
50,000
43.500
38,000
175,000
77,000
39.500
161,000
36,000
163,000
63,000
65,000
-
581,000
75,000
2,000
9,900
51.000
4,400
7,200
710,000
554,000
45,500
23,000
141,000
77,000
market for spots and futures each day of the
9, and the daily closing prices of spot cotton, have
The tone of tiie Liverpool
week ending Sept.
been as follows:.
Market,
12:30 p.m
\
Firm.
j
71ifi
7he
Mid. Upl’ds
Mid. Orl’ns
Market,
5 P. M.
1
Saturday Monday.
Spot.
•
Wednes.
Tuesday.
Active
and
firmer.
Very
steady.
The
7:ig
73ig
73ig
Thursd'y.
Friday.
Active
Firmer.
and
firmer.
>1
8,000
1,000
Sales
8pec.& exp.
15,000
15,000
15,000
3,000
2,000
2,000
.
C
£
15.000
3,000
Futures.
Market, (
Quiet.
)
5 P. M.
Quiet.
Firm.
Dull.
Firm.
of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
The actual sales
Saturday.
d.
73is®7a2
Sept.-Oct.. ..6i"a2®9i6
Delivery.
Sept
G1332
63sS'1332
Oct.-Nov
Nov.-Dee
Delivery.
d.
6^32
Delivery.
Dec.-Jan
Jan.-Feb
Apr.-May
May-June
June-July
6t332
Mar.-Apr.. ..G7ig®153B
d.
64
6i732
6'*>16
Sept
Sept.-Oct
7^32
6®8
—
Oct.-NOV. 6 @ 1532 2> ^
Nov.-Dee.. ..6’f16®iB32
Dec.-Jan.
6i532
.
6i?32®4 Jan.-Feb
Feb.-Mar
Mar.-Apr
May-June
May-June.:.
June-July
Mar.-Apr
61732
Apr-May
619.32
May-June.. -.61932®^8
6^32
June-July
Sept
Sept.-Oct..
Oct.-Nov
Nov.-Deo
7.-16
.6Hi«,2'2l32
611"301® hi
6l“»g
® 4®:-*!>32
6i732
Jan.-Feb.6916®i'732'@i2
Dec.-Jan
.
Mar.-Apr
Apr.-May
.
Nov.-Dee
.69}_6®1732
Dec.-Jan
G^®*^
62132
Sept.-Oct
Nov.-Dee
Dec.-Jan
62332
64
"5ig. May-June
62i32 June-July
May-June
June-July
Sept
Sept.-Oct
G5^
62i32
62i32
6 La
64
6%
#1532
6i®32
62i32®5s
G2i32
Wednesday.
Sept
Sept.-Oct
Jan.-Feb
Feb.-Mar
June-July
Sept
Sept.-Oct
79?2
65s®2^32
04
6if32
opened buoyantly, and important advances were
paid; but the demand fell off and the close was at inside prices;
the market
October and $150 for November.
the week. Current supplies were
large, and there was some disposition to believe that adverse
crop accounts had been exaggerated. But the decline brought
out fresh buyers for the rise, and on Wednesday the market
was quite buoyant.
To-day there was a further advance, but
a dull closing.
No. 2 mixedj73%@74c. for October and 76@77c.
No. 2 red winter at $1 47% for
Indian
for November.
Oats
recovered, with much) activity. No. 2 graded quoted at 41@
41%c. for mixed and 49@49>ic. for white, and for future
delivery No. 2 mixed 43%c. for October and 46c. for November.
Rye has been dull and weak; barley remains quite nominal.
The following are closing quotations:
Flour.
Grain.
' 4 GO® 5 00
6 40 ®
6 50® 6 75
6 20® 6 65
6 75® 7 75
7 25® 9 00
7 OC® 7 40
City shipping extras.
Southern, bakers’ and
family brands
South’n si ip’g extras.
Rye flour, superfine..
Western, &c
Brandy^Tine, Ac....
Com,
(60 lbs.)
(56 lbs.)
Milwaukee...
Toledo
Detroit
58,481
1,685
11,151
295,400
15,750
459,377
144,366
6,676
Cleveland....
3,677
34,384
55,582
282,636
Bt. Louis.....
Peoria
1,625
x32
There have been no
Sept. 9, 1881.
during the past week. Stocks are light, except of “ patents,”
but the reduction of railway freight from the. West to very
low figures is causing supplies to come forward more freely.
Still the drought continues to restrict or wholly suspend the
operations of mills driven by water, and it is not expected that
accumulation will take place at present. The demand has
moderate, whether for export or home use, and the
tendency of values early in the week was downward; but lat¬
terly there is an exhibition of more strength. To-day the
market was stronger, except for rye flour.
58,150
18,525
from Dec. 27 to Sept. 3, inclu¬
1880.
5,992,182
4,080,257
bush.
39,140,742
47,644,122
55,674,958
92,981,374
30,521,930
109,123,423
22,669,586
63,353,940
21,505,113
4,353,345
1,555,124
3,081,284
2,027,953
3,013,124
2,896,353
3,946.120
3,283,487
163,552,515
184,543.368
151,433,488
152,183,836
Rye
Total grain
....
1879.
1878.
1881.
bbls.
4,341,739
3,751,031
53.139,653
70,929,163
21,885,408
Comparative receipts (crop movement) at same ports from
August 1 to Sept. 3, inclusive for four years:
711,895
596,800
9,717,319
15,677.083
12,514,724
4,068,316
13,690,397
18,442,175
4,642,174
362,057
475,548
572,387
555,737
635,599
984,812
1,015,239
1,224,178
36.781,689
37,885,893
34,179.052
46,121.466
hush.
22,078,260
Barley
Ry Q.mmrnmmimmmmm
Total grain....
1878.
554,372
874,031
bbls.
........
1879.
1880.
1881.
Flour
Oats
important changes in the flour market
.
Total receipts at same ports
Wheat
Friday, P. M..
346,629
156,934
Duluth
Barley
•
Rye,
bush.
884,427 215,437 149,005
795,723 184,009 101,462
879.533 3,542,866
Friday.
64
6%
62532
bush.
Total
149,247 2,494,616 4,777,273
Same time ’80. 129,975 2,624,425 2.971,650
38,244
Thursday—Holiday.
Apr.-May
May-June
June-July
Barley,
bush.
491,415
518,050
(196 Cbs.)
Wheat
Corn
Oats
6^8
6^3
Oats,
(32 lbs.) (48 lbs.) (56 lbs.)
404,105 47,529 46,805
28,152 140,620 24,612
60,219
12,075
11,229
877
24,000
510
129,622 17,751 27,988
227,100
8,150 37,525
At—
Mar.-Apr
6Hic
62332
bush.
Chicago
62i32
Mar.-Apr
White
bush.
May-June
6%
Oats—Mixed...
Wheat,
bbls.
Flour
6^® 1932
61932
.®....
1 00 ®1 05
39 ® 42
48 ® 51
1 10 ®115
...®....
Rye
Flour,
A nr.-May
Oct.-Nov
Nov.-Dee
Jan.-Feb
Feb.-Mar
78
.®....
Western lake and river porta
Sept. 3, 1881:
6%
63*
® 1316® 2“32
738
64
7112
72
flour and grain at
Receipts of
6n32
69,6
61932
rtBr
...
®
®
®
(From the “ New York Produce Exchange Weekly.”)
Jan.-Feb
Feb.-Mar
6 s4
1 30
63
70
68
72
Barley—Canada W.
State, 4-rowed...
3 40® 3 75
State, 2-rowed...
3 80® 3 90
Peas—Can’da,b.&f.
Corn meal—
June-July
Sept.-Oct
1 46
South, white.
6i53o
6^8
62532
64®2»32
1 30
West. No. 2
Western yellow..
Western white
South, yellow
7 25® 8 00
6 50® 7 00
6 00® 6 50
64
73s®H30 I Apr.-May
62332@ , May-June
7 50
®1 35
® 1 37
® l 48
®1 47
®1 42
® 72
136
Red wiuter
Red winter, No. 2
White
Corn—West, mixed.
5 30® 5 65
6 00® 6 30
do XX and XXX...
Wis. & Minn, rye mix.
Winter shipp’g extras,
do XX and XXX...
Patents
$1 23
Spring
Spring, No. 2
5 60® 6 00
Oct.-Nov
62332
Wheat-
bbl. $4 40® 4 65
Nov.-Dee
!
breadstuffs.
quite depressed early in the week, but to-day
were
Corn.....
any
declined early in
sive, for four years:
34®2532 June-July
Oct.-Nov
61932
Nov.-Dee. ...6916@i932 Sept
1
Jan.-Feb
62132®Hib Sept.-Oct
Feb.-Mar
62332 Nov.-Dee
Dec.-Jan
(UJ16
Mar.-Apr
®2532®4 Sept
been quite
corn
6916
Tuesday.
Feb.-Mar..
have*caused the renewal of confidence and revived action among
the bull party, but the recovery thus far is slight. To-day
6*2
®2i32®58
C 4@1532
Jan.-Feb
flowing, necessitating sales, which weakened prices. But there
recovery on the indications which reached us from the
West that the fanners are not marketing their crops. This is
due in some cases to expectation of higher prices and in
others to farmers refusing to have threshing done until copious
rains shall have reduced the danger from fire, which is now
very great.
It is also said that the continued drought is preventing the fall sowing of wheat. All these circumstances
for the week ending
Monday.
was
was a
Spring superfine
Spring wheat extras..
C!
rs
depressed early in the week by a
variety of causes. A strong “bear” party made an attack upon
values at the West, encouraged by the great accumulation
of stocks. The warehouses at Baltimore became filled to over¬
No. 2 spring...$
No. 2 winter
Winter superfine
7q
74
73ig
73ig
)
$
[Vol. xxx in.
4,430,046
18,132,666
13,425,016
7.324,367
Comparative shipments of flour and grain from the same
from Dec. 27 to Sept. 3, inclusive, for four years:
pons
1881.
1880.
.
•
1879.
1878.
6,007,609
2,976,057
4,701,466
3,951,051
Wheat..... bush.
36,640.519
77,639,784
24,760,671
45,921,546
93,916,042
18,529,048
1,800,294
49,314,136
60,829,877
15,780,874
2,214,187
33.439,642
Com
1,722,714
2,722,865
Flour...
.bbls.
Cats
Barley
2,215,588
Rye
1,308,608
Total grain
....
116,585,309
from Western lake and river ports for the
142,565,170
Rail shipments
weeks ended:
59,552,544
14,383,38d
1,769,527
2,440,211
161,889.644
'
'
■
130,861.939
THE
10, 1881.]
September
1880.
Wreek
1881.
Week,
bills.
Flour
bush.
Sejit. 6.
Sept. 7.
checked business to
106,792
95,264
tinues firm,
446,011
446,609
582,974
985,182
499,776
307,488
36 4,737
8 4,090
40.32S
1,316,419
117,141
58,0 48
59,517
2,620,856
1,602,817
627,430
77,327
209,540
2,517,395
2,132,330
5,137,970
shipments from same ports for lasWour weeks:
Hail and lake
Wheat,
bush.
Flour,
oois.
Corn,
bush.
Barley,
Oats,
bush
bush.
Rye,
ht'Lh
123 851 61 736
23 49’ 41 864
9 698 94 741
7708
673 170
689 98 4
797 876
680 538
1.520,956 2,721,816
1,411,102 4,127.570
1,231,891 3,334,930
1,631,974 3.483,375
-3...166.001
27...183.743
20...172,177
13...190,330
sections has created
some
Sept. 4.
Rye
Week
ending—
1878.
Week
100,081
Sept. 3.
634,688
Total....
1879
Week
289
133,842
1,357,319
—....
CHRONICLE.
some
somewhat uneasy feeling and has
extent. The tone of the market con¬
a
and all desirable fabrics of domestic and foreign
are steadily held.
Domestic Cotton Goods.—The exports of domestics during
the week ending Sept. 7 were 4,004 packages, induing 2,053 to
production
China, 810 to U. S. of Colombia, 489 to Chili, 344 to Great
Britain, 115 to Venezuela, 76 to Mexico, &e. There was a steady
though moderate demand for plain and colored cottons at first
hands, and a very satisfactory business was done (in assorted
and
package lots) by jobbers. Large additional deliveries of
goods, -cotton flannels, wide sheetings,
colored cottons, &c., were also made by manufacturers’ agents*
164.749 180,455
and altogether the business of the week was of liberal propor¬
Tot.,4 wks.712, 301 5,793,923 13 ,670,721 2,841.503
132,701 431,817
4 w’ks’80..607. 012 8,317,742 13 .791,422 3,640.877
tions. The sharp advance in cotton has imparted great firm¬
Keceipts of flour and grain at seaboard ports for the week
ness to prices of cotton goods, all desirable makes of which are
ended Sept. 3
Oat
8,
Wheat,
Corn,
Flour,
Barley,
Rye,
stiffly held by agents and jobbers alike. Print cloths were
bush.
bush.
bush.
bush.
bush.
bbls.
At—
109.393
550
703,343
309,070
23,933 more active and closed strong at 3%c. for 64 by 64s and 3%c. for
1,717,113
Few York
t50
475
120,375
50,679
336,521
100,020
Boston
56 by 60s.
Prints were in fair request at first hands and very
2,880
T.200
2,300
Portland
400
17,218
294,251
208,729
2,201
active with jobbers, and there was a continued brisk movement
Montreal
37,449
8,355
361,040
303,663
3,700
Philadelphia...
23,566
679,630
86,000
28,000
1,800 in dress ginghams.
Baltimore
7,612
62,514
24,000
14/750
New Orleans...
Domestic Woolen Goods.—As regards heavy clothing woolens,
219,703
the
condition of the market is unchanged. The demand for
3,214,568
1,671,456
514,145
29,913
1,600
Total week...
514,526
Cor. week ’80.. 251,851 3,669,528 2.109,820
heavy cassimeres, suitings, worsted coatings and overcoatings
Total receipts at same ports from Dec. 27 to Sept. 3, inclu¬ was
quite moderate, but a very fair distribution was made by
sive, for four years:
1881.
1880.
1879.
1878.
agents in execution of back orders, and stocks are as a rule in
bbls.
6,575,096
6,855,622
Flour
8,666,220
5,894,062 such
good shape that prices are fully maintained. Spring cas¬
bush. 66,172,13$
82.208,400
86,043,430
62 4^7 763 simeres and suitings are shown more freely by agents, and some
Wheat
76,043.029 103,587,742
Corn
78,341 874
7871-479 fair orders (for future delivery; have already been placed by
Oats
19,366,305
15,804,447
15 012 329
1560*914 clothiers. Cloakings and repellents were in moderate request,
Barley
2,029,758
1 592.998
1769,438
2483515 and desirable makes are
steadily held. Kentucky jeans remain
1,245,704
2 644 053
954,240
3AI.7 901
quiet in agents’ hands and satinets are sluggish. Flannels and
Total grain
164,565,462 204,439,291 183,816,123 162,347,871 blankets have moved steadily, and prices are firm. Shawls
Exports from United States seaboard ports and from Montreal and skirts met with considerable sales, and there was a moder¬
ate inquiry for worsted dress fabrics by package buyers.
for week ending Sept. 3, 1881:
Oats,
Com,
Flour,
Wheat,
Peas,
Rye,
Carpets were fairly active, and there was a steady movement in
Sept
Aug.
Aug.
Aug.
4*>'ul
brown and bleached
,
....
.
bush.
bbls.
From—
-
bush.
bush.
232,003
76,557 1,138,628
26,613 '
85,7.09
New York
Boston
65,999
bush.
254
bush.
1,182
254,814
Portland
315,521
15,531
550,429
40,000
241,936
33,250
55,763
35,065
2.368,237
4,803,501
857,831
1,784,445
81,968
16,567
15,292
2,120.
237,950
8,631
50
Total for w’k 129,263
Bame time’80. 111,602
Montreal
Philadelphia..
Baltimore
New Orleans..
12,996
438
254
81,044
14,178
12,257
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Sept. 3,1881, was as
follows:
Wheat,
.
Instore at—
bush,
4,165,500
Few York
Do. afloat (est.)
725,000
18.500
Albany
Buffalo
84,729
4,960,614
Chicago
Milwaukee
Duluth*.
Toledo
Detroit
292,834
Oswego....'
Bt. Louis
260,704
1,209,042
400,170
710,017
3,546
70,000
95,000
1,453,520
322,231
715.848
50,582
Boston
Toronto
Montreal
Oats,
Corn,
bush.
bush.
3,063,442 3,461,622
1,004,000
39,500
20,500
887,658
483,331
5,835,606 1,286,511
7,455
5,812
22,792
124,850
Philadelphia
Peoria
Indianapolis.
Kansas City
Baltimore
Down Miss’pi
On rail
On lake
On canal
55,872
722,160
784,411
10,917
257.583
213,000
311,300
261,510
35,664
1,511,806
587.970
55,423
62,194
824,811 2,706,000
1,242,335 3,765,660
1,156,374 1,076,691
63.957
4,321
200,27L
6,233
1,410
27,967
64,171
122,528
48,200
21,217
Rye,
bush.
bush.
6,899
1,700
26.217
19.000
46,400
26,731
102,702
72,568
207.726
16 084
17,953
430
1,038
1,620
36,848
2,000
29,03i
297
67,290
210
46
2,000
7,379
Foreign Dry Good3.—There has been a very good jobbing trade
in most seasonable kinds of imported goods, and a fair business in
dress goods,silks,velvets, plushes, &c.,was reported by importers.
Black silks are steadily held, and the better grades are only in
moderate
supply.
Bhadames and brocaded silks, black
satins, silk velvets, plushes and moleskins were severally in fair
request, and there was a steady demand for fancy dress goods.
Housekeeping linens were in moderate request and steady, and
embroideries and imitation laces have been in steady demand.
Importations of Dry Goods,
The
importations of dry goods at this port for the week
ending Sept. 8, 1881 and since January 1, and the same facts
for the corresponding periods of 1880, are as follows:
Total Ent’d
at
the
port.
1
for
Total
consumpt.
5,184
822,000
40,898
118,000
71,336
17,405,069 16,045,101 7,259,348
17,539,095 15,894,283 7,404.713
14,715,495 19,011,298 1,625,853
.*
370,833
155.841
125,377
104,784
125,573
510,672
348.551
330,318
298,726
250,521
264,407
573,613
TRADE.
Friday, P. M., Sept. 9, 1881.
dry goods jobbing trade has been very active the past
week, and although some interruption to the demand was
caused by a day of fasting and prayer for the recovery of the
President, and by oppressively warm weather, the volume of
business was large and satisfactory. A good steady trade was
also reported by cloth jobbers, and a liberal distribution of fall
clothing was made by the wholesale clothing houses.
TheNdemand at first hands was cnly moderate, jobbers being
fairly supplied for the present with most descriptions of season¬
able goods; but there was a
good steady movement in cotton
and .woolen goods,
ginghams, prints, knit underwear, &c., on
account of former orders. Advices from most
parts of the
interior indicate that unusually large quantities of goods are
being taken for consumption, but the protracted drouth in
Total
Total
of
ft
9
H
ft
£
of—
;.
©
*4
9,320 6,450 2,870
9,362 6,450 2,912
xcnw wx
tr
I **.©w©^i
WITHDRAN
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Sept. Week
9,
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)3,18475 2,31075 865,04 63,216 13,215 238,4 92,75 37,450 FENOTRRD 2,31975 69,27 50,34 19,036 148,97 107,480 274,80 FROM 183,7 204,890 863,79 46,87 621.42
©
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Value. 180. Endig
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37,81 241,8 136,90 7 ,463 20,71 5,894 1 ,51 20,817 349,658 241,8 108,7!
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WAREHOUS
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8,163 6,568 1,60
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23,657 145,71
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23,657
183,79 30,12 835,6 425,31 582,146
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5
2
679,5480) 3.58,0 15,9 487 1.86375 2,95 37 .357 2,8031 4,89035 82.563,74 63,58 0 18,97 3 1,6420 3,764 3,89652 3,582034 6,0976 5,809 13,09 1,8.
b«
X
a
►
ft
H
X
a
Jo
t3M©(-W
©©Mh-tM
ft
ft
8,
w
ft
ft
1
©
H
ft
1,80.
C*
X
c
ft
3
M
93,8725 1,73614 ,70289 4,732806 ,3479281 7,892138 DURING 71,328 7 16,584.90 1,3 072 3,08632 4,03562 ,951 8 5,20176 THROWN 6,25017 10,2586 2,43581 7,0943 15,38 0
win
1
O
Q
to
The
And winter
Flax Silk Cot n Wool
[
x w
GOODS
.
for
of—
tOM
DRY
Flax Silk Cot n Wol.
Miscelanou Manufctres market. consumpt. Miscelanou Manufctres Miscelanou Manufctres
on
[
201,323
18,427,808 19,620,137 6,917,205
17.559,016 17,354,970 7.780,767
THE
Total Ent’d
Flax Bilk Cot n Wool
CO
Tot. Sept. 3, ’81.. 19,507,648 22,657,173 7.067,456
Aug. 27, ’81
Aug. 20, ’81
Aug. 13. ’81
Aug. 6. ’81
Sept. 4, ’80
Barley,
shirts and drawers.
$
©
©
©
X
I
290
Exchange.
W. n. walker.
4 IV jd brokers,
No. 80 BROADWAY, NEW YORK.
Buv and Sell on Commission, for cash or on mar¬
gin, all Securities dealt in at the New York Stock
Exchange. Interest allowed on daily balances.
Particular attention paid to orders by mail or tele¬
BANKERS
John F.
Stark.
George
NEW YORK.
NASSAU STREET,
sell Investment Securities foi cash or on
commission. A specialty made of Western Farm
Mortgages bearing from 7 to 10 per cent interest.
Will undertake the negotiation of loans upoD
Western City property in large or small amounts
balances.
G. E.
telegraph wires to
Securities.
CITY. COUNTY
MISCELLANEOUS SECURITIES
RAILROAD &
Bought and Sold on
Commission.
Tax-Receivable, Coupons Bought.
SOUiHERN SECURITIES A SPEClALIY
NEGOTIATED,
Deposits.
and
Cyrus W. Field,
GEO. H. HOLT
Transact a
ness
Co.
New
BONDS,
AND
STOCIiS
Theo. V. Sand.
Max K. Sand,
EXCHANGE.
A strictly commission business conducted in the
purchase and sale of Stocks and Bonds on Margin
for investment.
Complete Financial Report issued weekly to our
MEMBERS OF THE N.
Y STOCK
Wall .Street
general banking and brokerage busi¬
Shares and Bonds and Government
allowed on deposits.
PINE
31
Special attention to
Utley,
R.
STREET,
DEALER
RAILROAD
INVESTMENT
NEW YORK,
IN
BONDS,
,
BROKER
Whitely,
64
No
BROADWAY, NEW
and sold on Commission.
Private Telegraph Wires to Philadelphia,
ton, Baltimore, Washington, Boston,
and New Haven.
Wilming¬
Bridgeport
(olli^s.pouDEN SJej^ins,
-BM2KERS25 flN£ §T. - r^ewyORK;
Purchase and sell on
Commission GOVERNMENT
RAILROAD BONDS and
and
STOCKS, and all
Securities dealt in at the NEW YrORK
STOCK EXCHANGE, or all reputable Securities
classes of
bought and sold in the OPEN MARKET. LOANS
and COMMERCIAL PAPER negotiated. Interest
DEPOSITS, subject to check.
paid
Ernest Groesbeck,
Grant B. Schley,.
on
Members N. Y.
Stock Exchange
Groesbeck 8c
Schley,
BROKERS,
No
15
WALL
STREET,
Exchange Place,
F. G. Saltonstajll.
BROKER,
STOCK
Rooms 37 & 38,
Y„
BROADWAY,
80
CEDAR
70
Office, Troy, N.
Connected by Private Wire.
STREET,
NEW YORK
3413.
P. O. BOX
ALL securities dealt in
Exchange bought and sold
ried on a fair margin.
INTEREST allowed on
cJls.cilJb.fCtXW.
<*ec.
WALL
18
STOCKS, BONDS & COMMERCIAL PAPER
Stocks and Bonds bought and sold on commission
at N. Y. Stock Exchange.
Advances made on business paper and other
STREET,
securities.
cash or on margin.
Sell Investment
P. «. BOX
A. M. Kidder.
Securities.
2,647.
Wayland Trask.
W. C. Hill.
NEW YORK:
Geo. W. Cecil,
Member N.Y. Stock
M. Zimmerman.
H. J. Morse
J. H. Latham 8c Co.,
New
City, Chicago, Cincinnati,
Louis, District of Columbia, and
York
Government
Securities.
EXCHANGE
STREET.
WALL
2
W. P. Thomas.
W. M. Wilshire.
SECURITIES,
INVESTMENT
FOREIGN
CINCINNATI, O.:
Ex.
credit balances.
BANKERS,
Transact a General Banking Business, including
the purchase and sale of STOCKS and BONDS for
Buy and
Stock
commission and car¬
UNITED BANK BUILDING,
WALL STREET, COR. BROADWAY.
York.
New
at the New York
on
Gallaudet 8c Co.j
P. W
BANKERS,
No.
this paper
Boardman,
Lansdale
No.
BONDS
STOCKS A
AND SOLD.
quotationsx>f City Railroads in
UNCURRENT
F. W. perry.
J. H. Latham.
Cecil,Zimmerman
8c Co. Glazier, Kohn 8c Co.,
AND BROKERS,
BANKERS
74
BROADWAY, NEW YORK,
THIRD ST., CINCINNATI,
69 WEST
BANKERS AND
O.
66
BROKERS,
STREET,
NEW
BROADWAY AND 19
NEW Y0BK.
WINTRINGHAM,
GAS, INSURANCE, BANK STOCKS, &c.
TRANSACT A GENERAL BANKING BUSINESS
INCLUDING THE PURCHASE AND SALE OF
STOCKS AND BONDS FOR CASH OR ON MAR¬
GIN. BUY AND SELL COMMERCIAL PAPER.
P. O. BOX 447.
C. W MCLELLAN, Jr
D. A. Boody.
BOUGHT
Branch
P.
J.
BANKERS,
Recben Leland,
CITY RAILROAD
Henry Day,
Exchange.
STOCKS AND
& So*
YORK.
NEW
BROKERS.
NEW YORK.
l3oodtjt
cS Broadway, cor.
IN
BROAD WAV,
145
No.
Cor. WALL
YORK,
(Branch Office, ISO Fifth Avenue).
All classes of Railway and Mining Stocks bought
NEGOTIATED.
H. L. Grant,
INVESTMENTS,
Cruger Oakley
Eyre.
J D. Prince, Jas. Whitely, H.
Harry c. Logan,
Maynard C.
W. It. Travers, Special Partner.
Prince &
banks.
James Kitchen,
COMMISSION
AND SOLD ON
BONDS BOUGHT
COMMERCIAL PAPER
See
•
13 YEARS’
35 DREXEL BUILDING,
and BROAD STREETS,
BANKERS AND STOCK
Lummis,
Members of New York Stock
LOANS
York.
COMMISSION.
Day,
William
STOCKS.
NEGOTIATED.
EXPERIENCE IN WALL STREET.
RAILROAD
STOCKS AND
New York.
business of country
Lummis &
Vos. 34 and
BROKERS,
SECURITIES.
INVESTMENT
carefully attended to.
Wm.
St., Cor. Nciv,
Wall
7
Stock Exch.
Wall Street, New
54
8c Co.,
J,ohn Sickels.
Member N. Y.
BANKERS AND
BROKERS,
BANKERS AND
York.
Brothers 8c Co.,
Sand
or
A. H. Brown
STREET,
WALL
5
No.
YORK,
BROAD ST., NEW
NO. 24
securities.
Interest
Special.
STOCK
Coleman Benedict 8c
in Railway
Investments
Cyrus W. Field
Jr.
1864.
Gwynne 8c Day,
No. 45
Y. Stock
Lapsley, Field
8c Co.,
BROKERS,
ESTABLISHED
correspondents
[Established 1854.]
D. Seymour Willard
Exchange.
Howard Laps-ley,
Members N.
Providence and Boston
TAINTOR.
& Co.,
First-Clas» Investment
GOVERNMENT BONDS, STATE.
Allowed on
GOVERNMENT, MUNICIPAL
sell
RAILROAD bonds.
DEALERS IN
Interest
subject to check at sight.
all daily balances.
Francisco, Boston, Philadelphia and Baltimore Exchanges.
P. S.—My New York Weekly Financial Report la
mailed free of charge on application,
4 per cent interest allowed on
Orders executed at London, San
„
Buy and
Private
approved collateral at the
on
Deposits received
WALL STREET,
10
ah
a
margin.
Advances made
market rate.
NEW YORK.
TRANSACT a GENERAL BANKING business.
DEPOSITS received and INTEREST allowed on
^ND BROKERS,
BROADWAY, NEW YORK,
LOANS
CnAn.if
ina Vi All rrli f
Securities
BANKERS,
No.
WASHINGTON, D. C
& CO.,
A Generalbought
Banking
Transacted.
Business
unH sold
aM
AAmmiautAn
f a. ,
and
on commission
forcaah
p
or on
BANKERS
66
BATEMAN
Holt 1
Taintor &
F. Stock Exchange,
Branch Office:
F. E. Ballard,
Buy and
R. A. Lancaster
Member of the N.
Exchange.
Stark.
YORK.
NEW
R.J. Kimball, A. B.Lounsbery,
Members of N. Y. Stock Exchange.
BANKERS,
No. 33
Years’
Thirteen
Stark 8c Co.,
George
OR 27 WALL STREET,
BROAD
No. 5
Street, New York.
Membership in New York Stock
25 Nassau
No.
and
banker
BANKERS AND
graph .
Trowbridge,
broker.
E.
F.
J. Kimball
8c Co.,
BROKERS,
R.
Walker,
Rutter 8c
Financial.
Financial.
Financial.
C. M. Rutter,
Member of N. Y. Stock
[Vol. xxxin.
CHRONICLE
THE
securities bought at the auction
No. 36 PINE STREET,
NEW YORK.
sales.
BONDS BOUGHT AND
COMMISSION.
STOCKS and BONDS
At Auction.
Tli©
Undersigned hold
REGULAR
SALES of all classes
J. D. Probst 8c Co.,
STOCK
No. 52
AND
BOND BROKERS
EXCHANGE PLACE, NEW YORK.
Stocks, Railroad
Miscellaneous
Bonds, Governments and
Securities Bought and Sold
SOLD ONj.
STOCKS
AND
of
AUCTION
BONDS
ON
WEDNESDAYS AND
ADRIAN II.
H
PINT,
SATURDAYS.
MULLER &
STREET. NEW
SON
YORK. '
@FedFRASER